Exxon's stock valuation is 'less compelling' now after a 175% rally since 2020, Goldman Sachs analysts say. They cut their rating on the shares to neutral
Analysts at Goldman Sachs lowered their rating on Exxon Mobil Corp. stock on Monday, saying that the energy giant’s “sharp, multi-year outperformance” is now reflected in its valuation.
“Beyond... Analysts at Goldman Sachs lowered their rating on Exxon Mobil Corp. stock on Monday, saying that the energy giant’s “sharp, multi-year outperformance” is now reflected in its valuation. “Beyond the recovery in oil prices, several tailwinds have driven a structural re-rate,” the Goldman analysts said, including a “sharp” reduction in costs, changes in
The stock’s valuation currently is “less compelling,” the Goldman analysts said. They have a $125 price target on the stock, representing an upside of around 9% over Monday prices.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
16 stock picks to buy with high cash returns: Goldman SachsBuy these 16 high-cash-returning stocks to secure the best chance at outperformance as the economy keeps slowing
Consulte Mais informação »
Goldman Sachs says these 'compelling' stocks are earnings season winnersGoldman Sachs named a slew of stocks to buy following a busy earnings season.
Consulte Mais informação »
Creator economy could be a $250 billion industry: Goldman Sachs reportThe creator economy could be a $250 billion industry, a Goldman Sachs report says. Here are 4 other takeaways.
Consulte Mais informação »
Goldman downgrades this oil giant, says steam is running out after years of massive gainsGoldman Sachs downgraded shares of Exxon Mobil on Monday, citing the stocks outperformance from 2020 as a reason to re-evaluate.
Consulte Mais informação »
Exxon Mobil Stock Price Today | NYSE XOM Live Ticker - Investing.comView today's Exxon Mobil Corp stock price and latest XOM news and analysis. Create real-time notifications to follow any changes in the live stock price.
Consulte Mais informação »
FuelCell Energy stock rallies after announcing order with Exxon Mobil for carbon capture technology, supportShares of FuelCell Energy Inc. charged up 2.7% in premarket trading Monday, after the maker of fuel cell technology platforms said it received an order from...
Consulte Mais informação »