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Fly News Breaks for November 3, 2015
CVX
Nov 3, 2015 | 08:43 EDT
Evercore ISI analyst Doug Terreson upgraded Chevron to Buy with a $106 price target on shares. Terreson said sentiment for integrated oils is highly unfavorable as evidenced by decade low valuations, financial expectations and technical factors. The analyst believes the potential for higher oil prices remains and industry consolidation could lead to a new competitive hierarchy as resources are concentrated in fewer, more disciplined hands.
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