Morgan Stanley Maintains Overweight on Exxon Mobil, Lowers Price Target to $142
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained its Overweight rating on Exxon Mobil but has slightly lowered the price target from $145 to $142.
September 16, 2024 | 4:16 pm
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Morgan Stanley has maintained its Overweight rating on Exxon Mobil, indicating continued confidence in the stock, but has slightly lowered the price target from $145 to $142, suggesting a modest adjustment in expected valuation.
The Overweight rating suggests that Morgan Stanley still sees potential in Exxon Mobil, but the slight reduction in the price target indicates a minor adjustment in expectations. This could lead to a neutral short-term impact on the stock price as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100