Macquarie analyst David Hewitt double upgraded Exxon Mobil to Outperform from Underperform with a price target of $83. The stock closed yesterday up 85c to $76.25. With a "world class" Guyana play, multiple liquefied natural gas developments, the Permian "juggernaut" and growth in the integrated downstream, Exxon is "well positioned for the future, and is not being overly distracted by the energy transition debate," Hewitt tells investors in a research note. The analyst cites the company's multiple opportunities, "strong" balance sheet and "superior execution record" for taking his recommendation to Outperform.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Check out this morning's top movers from around Wall Street, compiled by The Fly. HIGHER - U... To see the rest of the story go to thefly.com. See Story Here