UBS lowered the firm’s price target on Exxon Mobil (XOM) to $147 from $149 and keeps a Buy rating on the shares. The updates at the Corporate Update & Upstream Spotlight reinforced the firm’s positive long-term outlook on Exxon, with growth coming from all parts of the business, the analyst tells investors in a research note. UBS continues to view Exxon as the best stock to own in Energy.
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