Truist Securities Maintains Hold on Exxon Mobil, Lowers Price Target to $110
Portfolio Pulse from jenniferd'souza@benzinga.com
Truist Securities has maintained its 'Hold' rating on Exxon Mobil (NYSE:XOM) but has lowered the price target from $118 to $110.
July 24, 2023 | 4:16 pm
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Exxon Mobil's price target has been lowered by Truist Securities from $118 to $110, while maintaining a 'Hold' rating.
The lowering of the price target by Truist Securities indicates a potential decrease in Exxon Mobil's stock price in the short term. However, the 'Hold' rating suggests that the stock is expected to perform at the market level, which may limit the downside.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100