UPDATE: Jefferies Starts ExxonMobil (XOM) at Hold

(Updated - April 9, 2014 6:39 AM EDT)

Jefferies initiated coverage on ExxonMobil (NYSE: XOM) with a Hold rating and a price target of $96.00.

Analyst Jason Gammel said, "We are initiating coverage of ExxonMobil (XOM) with a Hold rating and $96 price target. We believe that relative to other integrated oil stocks Exxon is expensive, lags in growth prospects and offers the lowest dividend yield."

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

Shares of ExxonMobil closed at $96.78 yesterday.

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