Mizuho Downgrades Exxon Mobil to Neutral, Announces $117 Price Target
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar downgraded Exxon Mobil (NYSE:XOM) from Buy to Neutral and set a price target of $117.

January 03, 2024 | 1:42 pm
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NEGATIVE IMPACT
Exxon Mobil was downgraded by Mizuho analyst Nitin Kumar from Buy to Neutral with a price target of $117.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock price. The new price target, while potentially lower than the current trading price, reflects a neutral stance, suggesting limited upside potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100