Bearish
BofA Securities downgrades ExxonMobil (XOM) to Neutral with $158 price target
BofA Securities has downgraded ExxonMobil (XOM) from Buy to Neutral, citing concerns over potential downside if a ceasefire is reached in the Middle East and limited upside due to 20% of currently shut-in volume in the region. The new price target is set at $158.00, up from $154.00.
Key points
- BofA Securities downgrades ExxonMobil to Neutral, citing Middle East uncertainties.
Sources
AI-generated from public news sources. Not financial advice.
