Truist Securities Downgrades Exxon Mobil to Hold, Lowers Price Target to $124
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has downgraded Exxon Mobil (NYSE:XOM) from Buy to Hold and lowered its price target from $146 to $124.
June 07, 2024 | 10:43 am
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Truist Securities has downgraded Exxon Mobil from Buy to Hold and reduced the price target from $146 to $124, indicating a less optimistic outlook on the stock.
The downgrade from Buy to Hold and the reduction in the price target suggest that Truist Securities has a less favorable view on Exxon Mobil's near-term performance. This could lead to a negative sentiment among investors, potentially causing a short-term decline in the stock price.
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