UBS Maintains Buy on Exxon Mobil, Lowers Price Target to $133
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Jon Rigby has maintained a Buy rating on Exxon Mobil (NYSE:XOM) but has reduced the price target from $138 to $133.
December 14, 2023 | 4:52 pm
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UBS analyst Jon Rigby maintains a Buy rating on Exxon Mobil but lowers the price target from $138 to $133.
The reduction in price target by UBS may cause some investors to adjust their valuation models for Exxon Mobil, potentially leading to a short-term negative sentiment. However, since the rating remains a Buy, the overall impact is likely to be neutral as the recommendation still suggests confidence in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100