In a report published Wednesday, Morgan Stanley analyst Evan Calio reiterated an Overweight rating and $135.00 price target on
ChevronCVX.
In the report, Morgan Stanley noted, “Despite slightly lowering long-term volume guidance, we believe CVX is best positioned to grow production among Super Majors (20% by '17e). While FCF inflection will take longer than we expected (late '15-17), industry leading profitability, attractive valuation and dividend yield keep us OW.”
Chevron closed on Tuesday at $114.51.
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CVXChevron Corp
$137.911.00%
Edge Rankings
Momentum
27.97
Growth
68.31
Quality
Not Available
Value
81.85
Price Trend
Short
Medium
Long
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