UPDATE: RBC Capital Upgrades Chevron (CVX) to Sector Perform

November 17, 2020 4:20 AM EST
Get Alerts CVX Hot Sheet
Price: $109.02 --0%

Rating Summary:
    21 Buy, 16 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 26 | Down: 11 | New: 6
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(Updated - November 17, 2020 4:47 AM EST)

(updating comment)

RBC Capital analyst Biraj Borkhataria upgraded Chevron (NYSE: CVX) from Underperform to Sector Perform with a price target of $95.00.

The analyst comments "We upgrade Chevron to Sector Perform as we see some modest upside to our unchanged $95 Price Target. Following the recent sell-off, Chevron now trades at a slight premium to the sector, which we see as justified given its balance sheet strength and position in the investment cycle."

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 $88.96 yesterday.

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