Barclays analyst Betty Jiang lowered the firm’s price target on Chevron (CVX) to $171 from $174 and keeps an Overweight rating on the shares. The company’s 2025-2026 guidance underscores significant free cash flow expansion with room for a further increase in 2027, the analyst tells investors in a research note. The firm expects investor focus this year to remain on Chevron’s project execution and the closing of Hess.
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