HSBC, UBS, and other firms raise target prices for ExxonMobil; shares down 1.5%.
HSBC has raised its price target for ExxonMobil (XOM) from $111 to $120, while UBS Group has lifted its target price to $150 and assigned a 'buy' rating. Other firms like TD Cowen, Barclays, and Piper Sandler have also increased their target prices for ExxonMobil, with some giving it an 'overweight' rating. Despite the optimistic outlook from various brokerages, ExxonMobil's shares were down 1.5% during midday trading.
May 04, 2024
3 Articles