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Why Exxon Mobil Stock Hit 52-Week Highs Today

Published 07/06/2022, 15:58
Updated 07/06/2022, 16:41
Why Exxon Mobil Stock Hit 52-Week Highs Today
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Exxon Mobil Corp (NYSE: NYSE:XOM) shares are trading higher Tuesday following bullish analyst coverage.

Evercore ISI Group analyst Stephen Richardson upgraded Exxon Mobil from an In-Line rating to an Outperform rating and raised the price target from $88 to $120.

Credit Suisse (SIX:CSGN) analyst Manav Gupta maintained Exxon Mobil with a Neutral rating and raised the price target from $102 to $115, citing rising natural gas prices.

Related Link: Benzinga's Top Ratings Upgrades, Downgrades For June 7, 2022

Exxon Mobil is an integrated oil and gas company that explores for, produces and refines oil around the world.

XOM Price Action: Exxon Mobil shares are making new 52-week highs on Tuesday.

The stock was up 2.74% at $101.55 at press time, according to data from Benzinga Pro.

Photo: Kristina Kasputienė from Pixabay.

Latest Ratings for XOM

DateFirmActionFromTo
Mar 2022 Wells Fargo (NYSE:WFC)MaintainsOverweight
Mar 2022MKM PartnersMaintainsBuy
Mar 2022BMO CapitalMaintainsMarket Perform
View More Analyst Ratings for XOM

View the Latest Analyst Ratings

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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