Truist Securities Maintains Hold on Chevron, Lowers Price Target to $169
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Neal Dingmann has maintained a 'Hold' rating on Chevron (NYSE:CVX) but lowered the price target from $175 to $169.
October 24, 2023 | 4:36 pm
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NEGATIVE IMPACT
Chevron's price target has been lowered from $175 to $169 by Truist Securities, though the 'Hold' rating is maintained.
The lowering of the price target by Truist Securities could potentially lead to a negative sentiment among investors, which might put downward pressure on Chevron's stock price in the short term. However, the maintenance of the 'Hold' rating indicates that the analyst still sees some value in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100