Barclays Maintains Overweight on Chevron, Lowers Price Target to $168
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Betty Jiang maintains an Overweight rating on Chevron (NYSE:CVX) but lowers the price target from $185 to $168.
October 03, 2024 | 3:27 pm
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Barclays analyst Betty Jiang maintains an Overweight rating on Chevron but lowers the price target from $185 to $168, indicating a more cautious outlook.
The lowering of the price target from $185 to $168 suggests a more cautious outlook on Chevron's stock performance, which could lead to a short-term negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the stock's long-term potential.
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