Truist Securities Maintains Hold on Exxon Mobil, Lowers Price Target to $117
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Exxon Mobil while lowering its price target from $121 to $117.
September 30, 2024 | 2:26 pm
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NEGATIVE IMPACT
Truist Securities has maintained a Hold rating on Exxon Mobil and reduced its price target from $121 to $117, indicating a cautious outlook.
The Hold rating suggests that the analyst does not see significant upside potential in the short term. The lowered price target from $121 to $117 indicates a more conservative outlook on the stock's performance, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100