Chevron Reports Third Quarter Net Income of $1.3 Billion
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UPDATE: Morgan Stanley Upgrades Chevron (CVX) to Overweight
November 1, 2016 6:43 AM UTC(Updated - November 1, 2016 9:41 AM EDT)
Morgan Stanley upgraded Chevron (NYSE: CVX) from Equalweight to Overweight with a price target of $130.00 (from $113.00). Analyst Evan Calio sees differentiated growth and free cash flow outlook over 2017-19.
"We upgrade CVX to Overweight, recognizing CVX's differentiated production growth and FCF profile and deeper unconventional portfolio vs. all of its Global Majors peers," said Calio. "We believe the... More
