Bernstein Upgrades Chevron to Outperform, Lowers Price Target to $182
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Bob Brackett has upgraded Chevron (NYSE:CVX) from Market Perform to Outperform, while lowering the price target from $184 to $182.
November 02, 2023 | 9:00 am
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POSITIVE IMPACT
Chevron has been upgraded to Outperform by Bernstein, but the price target has been lowered from $184 to $182.
The upgrade to Outperform suggests that the analyst believes Chevron will outperform the market, which could lead to a positive impact on the stock price. However, the lowering of the price target might temper this positive impact slightly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100