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Chevron (CVX) PT Raised to $120 at UBS Following Meetings with Incoming CEO Mike Wirth on FCF Outlook

December 4, 2017 8:59 AM EST

UBS raised its price target on Chevron (NYSE: CVX) to $120.00 (from $105.00) while maintaining a Neutral rating, following meetings with managements on free cash flow outlook.

Analyst Jon Rigby notes a positive outlook on the shares, following meetings with incoming Chairman and CEO... More