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Dahlman Rose Upgrades Chevron (CVX)
12/6/2012 9:00:00 AM
Dahlman Rose reported on Thursday that they have upgraded energy company, Chevron Corporation( CVX ) to a "Buy."
The firm reported that they have upgraded CVX from a "Hold" to a "Buy," and have given the company a price target of $120. This price target suggests a 11% increase from the stock's current price of $105.99.
Analysts have upgraded the company due to their expectations on the Gorgon LNC project, which is expected to by in line with estimated costs.
Chevron shares were mostly flat during premarket trading Thursday. The stock is down -1.16% YTD.
The Bottom Line
Chevron Corporation( CVX )is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.