Jefferies Upgrades Chevron to Buy, Announces $184 Price Target
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Lloyd Byrne has upgraded Chevron (NYSE:CVX) from Hold to Buy and set a price target of $184.
January 08, 2024 | 2:09 pm
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Chevron has been upgraded by Jefferies from Hold to Buy with a price target of $184, indicating a positive outlook on the stock.
An upgrade from Hold to Buy typically suggests that the analyst sees a strong potential for the stock to outperform the market or its sector. The new price target of $184 implies a significant upside from the current trading price, which could lead to increased investor interest and a potential rise in the stock price in the short term.
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