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Fly News Breaks for February 27, 2020
CVX
Feb 27, 2020 | 08:02 EDT
Jefferies analyst Jason Gammel lowered the firm's price target on Chevron to $137 from $143 and keeps a Buy rating on the shares ahead of the company's analyst meeting on March 3. He believes the company will be able to highlight its strong relative position within the Integrated Oil sector and thinks Chevron "is taking the right steps within its control to win back investors." Gammel, who thinks the current levels present an attractive entry point, noted that Chevron remains a Franchise Pick as it has has one of the lowest break-evens in the sector and the strongest balance sheet.