Jefferies Maintains Hold on ExxonMobil

Jefferies is out with its report today on ExxonMobil XOM, maintaining Hold. In a note to clients, Jefferies writes, "We value XOM on a mix of DCF, NAV and relative multiples. We are maintaining our US$85 price target and Hold rating. The key risk for XOM is a sustained period of low US gas prices, to which is is more highly geared than its peers following the XTO acquisition." At the time of posting, shares of XOM were trading pre-market at $81.00, down 0.56% from Thursday's close.