UPDATE: Cowen Securities Raises PT on Chevron on Strong Sector Performance
Cowen Securities analyst Asit Sen published a report on Chevron (NYSE: CVX) that reiterated its Buy rating and raised the price target from $129 to $133.
Cowen Securities reported that, “Following CVX analyst meeting we have increased confidence in the company's near/medium term production profile and sustainability of sector-leading operational/financial performance. We are raising our price target to $133 (from $129). CVX remains one of our key investment favorites.”
Shares of Chevron closed at $118.25 on Tuesday.
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