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Fly News Breaks for February 27, 2017
CVX
Feb 27, 2017 | 06:58 EDT
Jefferies analyst Jason Gammel added Chevron to his firm's Franchise Picks list and raised his price target for the shares to $147 from $141. Chevron is reaching multiple strategic inflection points in 2017, Gammel tells investors in a research note. The analyst believes the company is positioned to generate "significant" free cash flow moving forward, and he estimates a free cash flow yield of 10% in 2018. Gammel keeps a Buy rating on the shares.
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