TD Cowen Upgrades Exxon Mobil to Outperform, Announces $115 Price Target
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jason Gabelman upgraded Exxon Mobil (NYSE:XOM) from Market Perform to Outperform and set a price target of $115. This upgrade suggests a positive outlook on Exxon Mobil's stock performance.
January 23, 2024 | 11:02 am
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POSITIVE IMPACT
Exxon Mobil was upgraded by TD Cowen from Market Perform to Outperform with a new price target of $115, indicating a bullish perspective on the stock.
Upgrades by analysts typically lead to a positive short-term reaction in the stock market as they suggest improved performance or potential undervaluation. The new price target of $115 by TD Cowen represents a significant potential upside from current levels, which can attract investors and drive up the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100