Wells Fargo Maintains Overweight on Exxon Mobil, Raises Price Target to $142
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on Exxon Mobil (NYSE:XOM) and raises the price target from $138 to $142.
April 30, 2024 | 3:17 pm
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Wells Fargo analyst Roger Read has raised the price target for Exxon Mobil from $138 to $142 while maintaining an Overweight rating.
The increase in Exxon Mobil's price target by a reputable analyst from Wells Fargo suggests a positive outlook on the stock's future performance. This adjustment reflects confidence in the company's value and potential for growth, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100