BofA Securities Upgrades Chevron (CVX) to Buy

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Go back to BofA Securities Upgrades Chevron (CVX) to Buy

Chevron (CVX) shares raised at BofA as 3Q share response 'overdone'

October 30, 2023 11:57 AM EDT

BofA upgraded Chevron (NYSE: CVX) to Buy from Neutral, raising its price target for the stock to $200 from $190 per share in a note to clients on Monday.

Analyst Doug Leggate told investors that the tactical upgrade is due to the "overreaction" to the company's... More