Mizuho Maintains Buy on Exxon Mobil, Lowers Price Target to $133
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Buy rating on Exxon Mobil (NYSE:XOM) but has reduced the price target from $139 to $133.
November 14, 2023 | 6:40 pm
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NEUTRAL IMPACT
Mizuho analyst Nitin Kumar maintains a Buy rating on Exxon Mobil but lowers the price target from $139 to $133, indicating a potential upside but with caution.
The reduction in price target by Mizuho suggests a slight decrease in the expected future performance of Exxon Mobil. However, maintaining a Buy rating indicates that the overall outlook remains positive. This mixed signal could lead to a neutral short-term impact on the stock price as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100