On Oct 05, major Wall Street analysts update their ratings for $Exxon Mobil (XOM.US)$, with price targets ranging from $129 to $137.
Barclays analyst Betty Jiang maintains with a buy rating, and maintains the target price at $137.
TD Cowen analyst Jason Gabelman maintains with a buy rating, and maintains the target price at $130.
BMO Capital analyst Phillip Jungwirth maintains with a hold rating, and adjusts the target price from $120 to $130.
Scotiabank analyst Paul Cheng maintains with a hold rating, and maintains the target price at $129.
Furthermore, according to the comprehensive report, the opinions of $Exxon Mobil (XOM.US)$'s main analysts recently are as follows:
Estimates for the integrated oil and exploration and production sector have been modified to factor in a decrease in oil price forecasts. Despite a recent retreat in the sector, the potential gains outweigh the risks for stocks, given that company fundamentals and operational momentum are robust.
The firm maintains a neutral perspective on Exxon Mobil while adjusting their model within the broader Energy sector. They are revising estimates across the North American Oil and Gas group, U.S. refiners, and Canadian oilfield services companies. This comes after observing a significant drop in crude prices during September, with the anticipation that prices will stay around current levels for the remainder of the year.
Here are the latest investment ratings and price targets for $Exxon Mobil (XOM.US)$ from 4 analysts:
Note:
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