7/102 sources · 2 publishersUpdated Nov 3, 04:57 UTC
UBS lifts Chevron price target to $265 and maintains Buy rating
UBS upgraded its outlook for Chevron, keeping a Buy recommendation while moving the price target up to $265 from $235. The analyst sees a potential 16.3% gain from the closing price of $227.77 on November 2. Chevron's shares slipped 1.59% to $231.77 after reporting adjusted earnings of $10.4 billion and adjusted free cash flow of $14.2 billion, leaving an $8.2 billion surplus after distributions.
Why it matters
The higher target suggests UBS expects the stock to appreciate, which could influence investor sentiment and buying pressure. The rating and target change may affect portfolio allocations that track analyst recommendations.
Key facts
- 1UBS raised Chevron's price target to $265 from $235. tradingview.com
- 2UBS kept a Buy rating on Chevron. tradingview.com
- 3Chevron shares fell 1.59% to $231.77. finance.yahoo.com
- 4Adjusted earnings were $10.4 billion. finance.yahoo.com
- 5Adjusted free cash flow was $14.2 billion. finance.yahoo.com
- 6Surplus after shareholder distributions was $8.2 billion. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.