Redburn Atlantic Downgrades Exxon Mobil to Neutral, Raises Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Redburn Atlantic has downgraded Exxon Mobil from Buy to Neutral, while slightly raising the price target from $119 to $120.
September 24, 2024 | 10:22 am
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NEUTRAL IMPACT
Exxon Mobil has been downgraded by Redburn Atlantic from Buy to Neutral, with a slight increase in the price target to $120.
The downgrade from Buy to Neutral suggests a less optimistic view on Exxon's stock performance, which could lead to a neutral short-term impact on the stock price. However, the slight increase in the price target to $120 indicates some positive expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100