Morgan Stanley Downgrades Chevron To Equalweight

Analysts at Morgan Stanley downgraded Chevron

from Overweight to Equalweight. Chevron shares have surged 2.36% over the past 52 weeks, while the S&P 500 index has gained 12.60% in the same period. Chevron's shares dropped 0.14% to $127.72 in pre-market trading.