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Fly News Breaks for December 21, 2017
Dec 21, 2017 | 07:00 EDT
Cowen analyst Sam Margolin raised his price target on Chevron to $160 from $122 as he sees momentum around cash flow inflection and Permian metrics accelerating. The analyst sees Chevron's dividend and cash flow metrics supporting his price target. Margolin reiterated his Outperform rating on Chevron shares.
News For CVX From the Last 2 Days
Mar 19, 2019 | 05:50 EDT
Mizuho analyst Paul Sankey downgraded Pioneer Natural Resources (PXD) to Neutral from Buy and lowered his price target for the shares to $158 from $206. Following Exxon Mobil's (XOM) and Chevron's (CVX) analyst days, Sankey sees less likelihood of a Pioneer Natural takeover. While the analyst's prior Buy rating was not based entirely on Pioneer Natural's takeout potential, he says an acquisition "does represent the most direct path for immediate realization of longer-term resource / inventory upside." He now believes the shares will lag his coverage on mid-cycle free cash flow yield.