Chevron backs 2018 production rise, eyes share buybacks

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Chevron (CVX) PT Lowered to $123 at Credit Suisse on 'Disappointing 2018 Cash Flow Guidance'

March 7, 2018 8:15 AM EST

Credit Suisse lowered its price target on Chevron (NYSE: CVX) to $123.00 (from $129.00) while maintaining a Neutral rating, following an update to 2018 cash flow guidance.

Analyst William Featherston notes a reduced outlook on the shares, as CVX commentary provided 2018 cash flow from operations should be... More