Chevron Co. (NYSE:CVX) was upgraded by Vetr from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, AnalystRatings.NET reports. The firm presently has a $94.98 price target on the stock. Vetr‘s price objective would suggest a potential downside of 2.77% from the company’s previous close.
Several other equities research analysts have also issued reports on the stock. Bank of America reaffirmed a “neutral” rating and set a $100.00 price target (down from $105.00) on shares of Chevron in a report on Saturday, March 12th. Citigroup Inc. reaffirmed a “buy” rating on shares of Chevron in a report on Friday, March 11th. Goldman Sachs raised shares of Chevron from a “sell” rating to a “neutral” rating and lifted their price target for the company from $78.00 to $94.00 in a report on Friday, March 11th. Deutsche Bank reaffirmed a “buy” rating and set a $103.00 price target on shares of Chevron in a report on Thursday, March 10th. Finally, Wolfe Research raised shares of Chevron from a “market perform” rating to an “outperform” rating in a report on Wednesday, March 9th. Thirteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $96.59.
Source: American Banking and Market News