Morgan Stanley Maintains Equal-Weight on Chevron, Lowers Price Target to $197
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has maintained an Equal-Weight rating on Chevron (NYSE:CVX) and lowered the price target from $198 to $197.
July 18, 2023 | 1:54 pm
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Morgan Stanley has maintained an Equal-Weight rating on Chevron and lowered the price target from $198 to $197.
The news is directly related to Chevron (CVX). The lowering of the price target by Morgan Stanley might have a neutral impact on the stock as the change is minimal and the rating has been maintained as Equal-Weight, indicating that the stock is fairly valued.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100