TD Cowen analyst Jason Gabelman raised the firm’s price target on Exxon Mobil to $110 from $107 and keeps a Market Perform rating on the shares. The firm said the company provided an update where it illustrated its potential to shift yield with demand growth over time, as it appears they are starting to build a case around resilience through the energy transition.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on XOM:
- Here’s Why Exxon Mobil Stock (NYSE:XOM) Hit a New 52-Week High
- Pactiv Evergreen, Exxon Mobil partner on certified-circular packaging solutions
- Oil Trading Weekly: Oil Continues Past 52-Week High
- Exxon Mobil price target raised to $150 from $145 at BofA
- BP starts construction on new Texas solar project