Bernstein Downgrades Chevron to Market Perform, Lowers Price Target to $167
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Bob Brackett has downgraded Chevron (NYSE:CVX) from Outperform to Market Perform and lowered the price target from $183 to $167.
July 17, 2024 | 10:43 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Bernstein analyst Bob Brackett downgraded Chevron from Outperform to Market Perform and reduced the price target from $183 to $167.
The downgrade from Outperform to Market Perform and the reduction in the price target from $183 to $167 by a reputable analyst is likely to negatively impact Chevron's stock price in the short term. Investors may perceive this as a signal to reassess their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100