Vetr Crowd Upgrades Chevron To Strong Buy

The Vetr community is bullish on Chevron Corporation CVX with shares trading down nearly 6 percent over the past three months.

Chevron traded at its highest value in two years last winter, and after a brutal fourth-quarter earnings report in January showed shortcomings in EPS and revenue, the company recovered with much more positive first-quarter earnings report in April.

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Vetr members have given Chevron a Strong Buy rating and $117.49 price target. This price target is lower than the $120.57 price target from Wall Street analysts. The company opened Thursday around $103.

Of all Vetr raters, over 85 percent believe traders and investors should buy Chevron stock.

For Vetr’s full analysis of Chevron, go here.