Morgan Stanley Reinstates Overweight on Exxon Mobil, Announces $145 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has reinstated an Overweight rating on Exxon Mobil (NYSE:XOM) with a price target of $145, as announced by analyst Devin McDermott.
May 15, 2024 | 11:00 am
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Morgan Stanley has reinstated an Overweight rating on Exxon Mobil (NYSE:XOM) with a price target of $145, indicating a positive outlook for the stock.
The reinstatement of an Overweight rating and a high price target of $145 by a reputable firm like Morgan Stanley is likely to boost investor confidence and positively impact the stock price of Exxon Mobil in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100