Goldman Sachs Reinstates Chevron (CVX) at Conviction Buy

Goldman Sachs analyst Neil Mehta reinstates coverage on Chevron (NYSE: CVX) with a Conviction Buy rating and a price target of $144.00.

• Says strong FCF generation due to Australia LNG Permian will contribute from 2020 onwards.
• Says management is demonstrating capital discipline in strategic decisions.
• Believes the balance sheet & FCF headroom underpin a strong capital return program.

For an analyst ratings summary and ratings history on Chevron click here. For more ratings news on Chevron click here.

Shares of Chevron closed at $120.44 yesterday.

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