Chevron (CVX) Shares Upgraded to Buy at BofA/Merrill

Shares of Chevron (NYSE: CVX) are moving lower with the rest of the market today despite an earlier upgrade from an analyst at BofA Merrill Lynch. The stock is now down 1.2% to $99.61 -- outperforming the S&P 500 index by a good half-percent.

BofA Merrill boosted its investment rating on the integrated oil stock from Neutral to Buy.

For more ratings news on Chevron click here and for the rating history of Chevron click here.

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