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Fly News Breaks for May 26, 2017
CVX
May 26, 2017 | 09:09 EDT
JPMorgan analyst Phil Gresh says shares of Chevron could be worth $120 or more by yea-end if its execution goes well. The stock closed yesterday at $105.11. The analyst believes the company's free cash flow could see "sharp improvement" in the second half of 2017 as headwinds abate. He keeps an Overweight rating on the shares.