Reported 3 days ago
On October 13, UBS reaffirmed its Buy rating for Chevron Corporation (NYSE:CVX) with a price target of $197.00 before the company's third-quarter earnings report. Analyst Josh Silverstein predicts a decline in earnings per share from $1.77 to $1.65, primarily due to the Hess acquisition. UBS does not expect significant updates during the earnings report, highlighting that major announcements will be made during the Analyst Day on November 12. Additionally, the firm sees long-term growth potential in regions like Guyana and plans for Chevron's Power Venture segment, while noting the company’s attractive dividend policy.
Source: YAHOO