These Analysts Revise Their Forecasts On Chevron After Q3 Earnings

Chevron Corp CVX reported weaker-than-expected earnings for its third quarter on Friday.

Chevron reported quarterly total revenues and other income of $54.1 billion, beating the consensus of $51.44 billion. Adjusted EPS came in at $3.05, missing the consensus of $3.75.

Chevron shares rose 0.8% to trade at $145.54 on Monday.

These analysts made changes to their price targets on Chevron following earnings announcement.

• Raymond James slashed the price target on Chevron from $200 to $175. Raymond James analyst Justin Jenkins maintained an Outperform rating.
• B of A Securities increased the price target on Chevron from $190 to $200. B of A Securities analyst Doug Leggate upgraded the stock from Neutral to Buy.

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