Bank of America Downgrades Chevron To Underperform, Shares Fall

Analysts at Bank of America downgraded Chevron

from Neutral to Underperform. The target price for Chevron has been lowered from $135 to $133. Chevron shares have gained 3.26% over the past 52 weeks, while the S&P 500 index has surged 19.73% in the same period. Chevron's shares fell 0.80% to $125.20 in pre-market trading.