Bullish
Chevron's stock rises 1% after TD Cowen raises price target to $200.
Chevron's stock price increased by 1% following TD Cowen's decision to raise its price target from $197 to $200, maintaining a 'Hold' rating. This adjustment reflects anticipated positive earnings due to favorable downstream results.
Key points
- TD Cowen raised Chevron's price target to $200 from $197, citing expected positive earnings from improved downstream performance.
- UBS increased its second-quarter 2026 earnings per share estimate for Chevron to $5.70, up from $3.82, anticipating higher crude prices and refining margins.
- Chevron continues to offer a strong dividend yield of about 3.7%, appealing to income-focused investors.
- Investors are awaiting Chevron's second-quarter 2026 earnings report, scheduled for July 24, to assess financial performance.
Sources
AI-generated from public news sources. Not financial advice.
