Fly News Breaks for September 11, 2015
CVX
Sep 11, 2015 | 05:45 EDT
JPMorgan analyst Phil Gresh upgraded Chevron to Overweight saying sell-side sentiment is at its lowest level in a decade while risk of a dividend cut is "near zero." The stock's relative valuation now looks compelling, Gresh tells investors in a research note. He lowered his price target for shares to $86 from $90.
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