UBS Maintains Buy on Chevron, Lowers Price Target to $189
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Josh Silverstein maintains a Buy rating on Chevron (NYSE:CVX) but lowers the price target from $192 to $189.
September 18, 2024 | 2:14 pm
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NEUTRAL IMPACT
UBS analyst Josh Silverstein continues to recommend buying Chevron stock, though he slightly reduces the price target from $192 to $189, indicating a modest adjustment in expectations.
The Buy rating suggests continued confidence in Chevron's performance, but the lowered price target indicates a slight reduction in expected upside. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100