Raymond James Maintains Outperform on Chevron, Lowers Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Justin Jenkins has maintained an 'Outperform' rating on Chevron (NYSE:CVX) but lowered the price target from $200 to $175.

October 30, 2023 | 8:51 am
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Chevron's price target has been lowered from $200 to $175 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintenance of the 'Outperform' rating indicates that the analyst still sees potential in the stock, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100