Truist Securities Maintains Hold on Chevron, Lowers Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Chevron (NYSE:CVX) but lowered its price target from $154 to $150.
September 30, 2024 | 1:54 pm
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Truist Securities has maintained a Hold rating on Chevron and reduced its price target from $154 to $150, indicating a slightly less optimistic outlook.
The lowering of the price target suggests a less optimistic view on Chevron's stock performance, which could lead to a negative short-term impact on its stock price. The Hold rating indicates no change in the overall recommendation, but the reduced target may influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100