Morgan Stanley Maintains Overweight on Exxon Mobil, Raises Price Target to $124
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has maintained an Overweight rating on Exxon Mobil (NYSE:XOM) and raised the price target from $121 to $124.
August 18, 2023 | 1:18 pm
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Exxon Mobil's price target has been raised from $121 to $124 by Morgan Stanley, which maintains an Overweight rating on the stock.
The raised price target indicates that Morgan Stanley sees potential for Exxon Mobil's stock to rise in the short term. The Overweight rating suggests that the firm believes the stock will outperform the market or its sector in the near future. This could lead to increased investor interest and potentially a rise in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100