Wells Fargo Maintains Overweight on Chevron, Lowers Price Target to $169
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on Chevron but lowers the price target from $196 to $169.
September 27, 2024 | 3:31 pm
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Wells Fargo's analyst Roger Read maintains an Overweight rating on Chevron but reduces the price target from $196 to $169, indicating a more cautious outlook.
The reduction in the price target from $196 to $169 suggests a less optimistic view on Chevron's short-term performance, which could lead to a negative impact on its stock price. However, the maintained Overweight rating indicates continued confidence in the company's long-term prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100