Global stocks slip, but post best month in four years; oil gains

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Go back to Global stocks slip, but post best month in four years; oil gains

Low Tax Rate on One-Time Item Contributes to ExxonMobil (XOM) EPS Beat; UBS Raises Price Target to $81

November 2, 2015 10:37 AM EST

UBS reiterated a Neutral rating on ExxonMobil (NYSE: XOM), and raised the price target to $81.00 (from $77.00), following the company's 3Q earnings results. 3Q15 EPS fell 46% YoY to $1.01, above consensus of $0.89. A lower than expected tax rate related to a one-time item benefitted EPS by... More

UBS Raises Price Target on Chevron (CVX) Following 3Q Earnings and Guidance

November 2, 2015 10:17 AM EST

UBS reiterated a Neutral rating on Chevron (NYSE: CVX), and raised the price target to $95.00 (from $87.00), following the company's 3Q earnings results and guidance. Adjusted EPS was $1.01, above consensus of $0.76. CVX provided a 2016-17 capex guidance range of ~$25-$28bn and $20-$24bn.

Analyst... More

AbbVie (ABBV) Reports Strong 3Q and Long term outlook; Cowen Reiterates Outperform

October 30, 2015 1:23 PM EDT

Cowen reiterated an Outperform rating and $77.00 price target on Abbvie (NYSE: ABBV) following the company's 3Q earnings results. Q3 EPS of $1.13 was $0.06 above consensus. Full year guidance has been raised to $4.26-4.28 (prior $4.10-4.30). Q3 sales of $5,944MM (+18%) were $54MM above... More