Dahlman Rose reported on Thursday that they have upgraded energy company, Chevron Corporation(CVX) to a “Buy.”
The firm reported that they have upgraded CVX from a “Hold” to a “Buy,” and have given the company a price target of $120. This price target suggests a 11% increase from the stock’s current price of $105.99.
Analysts have upgraded the company due to their expectations on the Gorgon LNC project, which is expected to by in line with estimated costs.
Chevron shares were mostly flat during premarket trading Thursday. The stock is down -1.16% YTD.
The Bottom Line
Shares of Chevron Corporation (CVX) have a 3.42% dividend yield, based on last night’s closing stock price of $105.17. The stock has technical support in the $100-$101 price area. If the shares can firm up, we see overhead resistance around the $110-$111 price levels.
Chevron Corporation(CVX)is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here