Market Overview

UPDATE: Dahlman Rose Upgrades Chevron to Buy

Share:
Related CVX
Earnings Preview: Oil Giants Chevron And ExxonMobil Report Friday Morning
Will Mexico's Election Results Derail Energy Reform Agenda?
Tracking Ken Fisher's Fisher Asset Management Portfolio - Q1 2018 Update (Seeking Alpha)

Dahlman Rose published a research report on Chevron (NYSE: CVX) and upgraded the company from Hold to Buy with a $120 price target.

In the report, Dahlman Rose wrote, "After the market close, CVX increased the Gorgon LNG project cost estimate to A$52 Bn (US $54 Bn using current exchange rate). While the cost increase is disappointing, it is in line with our estimate. With the key investment overhang removed, we are upgrading CVX to Buy from Hold."

Chevron closed Wednesday at $105.17.

Latest Ratings for CVX

DateFirmActionFromTo
Mar 2018Credit SuisseMaintainsNeutralNeutral
Mar 2018DZ BankUpgradesHoldBuy
Feb 2018Bank of AmericaUpgradesNeutralBuy

View More Analyst Ratings for CVX
View the Latest Analyst Ratings

Posted-In: Dahlman RoseAnalyst Color Upgrades Analyst Ratings

 

Related Articles (CVX)

View Comments and Join the Discussion!