Goldman Sachs Initiates Chevron At Neutral

Goldman Sachs initiated coverage on Chevron Corporation CVX with a Neutral rating. The target price for Chevron is set to $110. Chevron shares have dropped 10.61% over the past 52 weeks, while the S&P 500 index has surged 10.34% in the same period. Chevron's shares fell 1.13% to close at $103.55 on Friday.