UPDATE: Cowen Securities Reiterates Buy Rating, Raises PT on Chevron Corporation Following Analyst Meeting

In a report published Wednesday, Cowen Securities analyst Asit Sen reiterated his Buy rating on Chevron Corporation

, and raised his price target from $129.00 to $133. In the report, Sen noted, “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.” Chevron Corporation closed on Tuesday at $118.25.