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XOM

Exxon Mobil

$86.35

0.01 (0.01%)

12:39
01/16/17
01/16
12:39
01/16/17
12:39

Exxon Mobil investors should exit as oil prices rise, Barron's says

Exxon Mobil investors should consider taking profits, Barron's contends in a 'Trader Extra' column. While Rex Tillerson recently departed as CEO, the publication contends that the move "shouldn't cause many, if any, problems for Exxon." Instead, Barron's argues that the integrated oil majors such as Exxon tend to perform poorly when oil prices rise. The publication also notes that the defensive company failed to make a significant acquisition during the prolonged downturn in oil, adding that the stock currently trades "well above" its five-year median multiple. Reference Link

XOM Exxon Mobil
$86.35

0.01 (0.01%)

12/02/16
12/02/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Exxon Mobil (XOM) initiated at BMO Capital. 2. Pfizer (PFE) initiated with a Neutral at Guggenheim. 3. DuPont Fabros (DFT) initiated with a Neutral at Guggenheim. 4. Acadia (ACHC) resumed with a Buy at Jefferies. 5. Shire (SHPG) initiated with a Buy at Societe Generale. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/11/17
WELS
01/11/17
DOWNGRADE
WELS
Market Perform
Exxon Mobil downgraded to Market Perform from Outperform at Wells Fargo
01/11/17
WELS
01/11/17
DOWNGRADE
WELS
Market Perform
Exxon Mobil downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Roger Read downgraded Exxon Mobil (XOM) to Market Perform citing valuation and the absence of an acquisition during the downturn as a way to deliver growth and returns. The window for a deal has likely closed while Exxon trades at a "premium" valuation, Read tells investors in a research note. The analyst lowered his price target range for the shares to $87-$93 from $92-$100. Read's top pick in the International Exploration & Production space is Suncor (SU).
01/11/17
01/11/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Exxon Mobil (XOM) downgraded to Market Perform from Outperform at Wells Fargo with analyst Roger Read citing valuation and the absence of an acquisition during the downturn as a way to deliver growth and returns. The window for a deal has likely closed while Exxon trades at a "premium" valuation, Read tells investors in a research note. The analyst lowered his price target range for the shares to $87-$93 from $92-$100. Read's top pick in the International Exploration & Production space is Suncor (SU). 2. AT&T (T) downgraded to Hold from Buy at Deutsche Bank with analyst Matthew Niknam trimming his estimates to reflect weaker margins and slower earnings growth. The analyst notes this is his third downward estimate revision since October. A number of fundamental headwinds, including intensifying competition in wireless/linear video, is likely to pick up in 2017, Niknam tells investors in a research note. He views AT&T's risk/reward as more balanced at current levels and lowered his price target for the shares to $43 from $44. 3. Novartis (NVS) downgraded to Neutral from Outperform at Credit Suisse. 4. Scotts Miracle-Gro downgraded to Hold from Buy at SunTrust with analyst William Chappell citing valuation. 5. Pacific Continental downgraded to Neutral from Buy at DA Davidson and to Market Perform at Keefe Bruyette. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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