Market Overview

UPDATE: Dahlman Rose Reiterates Buy Rating, Raises PT on Chevron Corporation

Share:
Related CVX
A Gloomy Forecast For Energy ETF Dividends
Troubling News For UK ETFs
Why OPEC Will Cut Production (Seeking Alpha)

In a report published Monday, Dahlman Rose reiterated its Buy rating on Chevron Corporation (NYSE: CVX), and raised its price target from $120.00 to $129.00.

Dahlman Rose noted, “CVX 4Q12 EPS was slightly below expectations. While progress is being made in major capital projects and the company continues to demonstrate industry leading upstream profitability, we were disappointed by delays in Brazil and Angola. We are raising our PT to $129 (from $120).”

Chevron Corporation closed on Friday at $116.50.

Latest Ratings for CVX

DateFirmActionFromTo
Jan 2016BairdInitiates Coverage onOutperform
Jan 2016Deutsche BankMaintainsBuy
Dec 2015Argus ResearchUpgradesHoldBuy

View More Analyst Ratings for CVX
View the Latest Analyst Ratings

Posted-In: Dahlman RoseAnalyst Color Price Target Analyst Ratings

 

Related Articles (CVX)

View Comments and Join the Discussion!

Get Benzinga's Newsletters