BofA Securities Downgrades Chevron (CVX) to Neutral

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Go back to BofA Securities Downgrades Chevron (CVX) to Neutral

Occidental upgraded, Chevron downgraded as BofA sees harder year ahead for US oils

January 6, 2023 12:55 PM EST

BofA analyst Doug Leggate downgraded Chevron (NYSE: CVX) to Neutral from Buy and upgraded Occidental Petroleum (NYSE: OXY) to Buy from Neutral in a note Friday.

The analyst also raised Chevron's price target, albeit by $1 to $191... More