Morgan Stanley Maintains Overweight on Exxon Mobil, Lowers Price Target to $121
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has maintained an Overweight rating on Exxon Mobil (NYSE:XOM) but lowered the price target from $122 to $121.

July 18, 2023 | 2:12 pm
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NEUTRAL IMPACT
Exxon Mobil's price target has been lowered by Morgan Stanley from $122 to $121, while maintaining an Overweight rating.
The news is directly related to Exxon Mobil as the company's price target has been revised by a major financial institution. However, the impact on the stock price is uncertain as the price target reduction is minimal and the Overweight rating is maintained, indicating a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100