Chevron (CVX) Tops Q3 EPS by 31c

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Go back to Chevron (CVX) Tops Q3 EPS by 31c

UPDATE: Morgan Stanley Upgrades Chevron (CVX) to Overweight

November 1, 2016 6:43 AM EDT

(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