Scotiabank Increases Chevron's Price Target Amid Mixed Energy Sector Outlook
Scotiabank raised its price target for Chevron (CVX) to $187 from $168, while maintaining a Sector Perform rating. The bank noted mixed trends in the energy sector, with US integrated oil and E&P companies performing above consensus estimates, but independent refiners underperforming. Chevron has restored full production at its Wheatstone LNG facility in Western Australia after cyclone damage.
Tickers: $CVX
Topics: Analyst Upgrade Chevron Cyclone Damage Energy Sector LNG Production