On Nov 05, major Wall Street analysts update their ratings for $Chevron (CVX.US)$, with price targets ranging from $154 to $194.
Barclays analyst Betty Jiang maintains with a buy rating, and adjusts the target price from $168 to $174.
UBS analyst Josh Silverstein maintains with a buy rating, and adjusts the target price from $192 to $194.
TD Cowen analyst Jason Gabelman maintains with a hold rating, and maintains the target price at $160.
Truist Financial analyst Neal Dingmann maintains with a hold rating.
Scotiabank analyst Paul Cheng maintains with a buy rating, and maintains the target price at $163.
Furthermore, according to the comprehensive report, the opinions of $Chevron (CVX.US)$'s main analysts recently are as follows:
The notable takeaway from this quarter's report is the emphasis on sustained cost reductions and expenditure management as Chevron transitions into a phase of free cash flow realization across its principal assets. It is anticipated that the market will respond positively to this upcoming stage.
Chevron's recent quarterly outcomes revealed a robust operational performance that surpassed market expectations in terms of earnings and cash flow. Although there is ongoing uncertainty surrounding the Hess transaction, Chevron's indications of reaching peak capital expenditures in the Permian by 2024 is anticipated to positively influence free cash flow into 2025 and the following years.
Here are the latest investment ratings and price targets for $Chevron (CVX.US)$ from 7 analysts:
Note:
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