RBC Capital Sticks to Its Buy Rating for Chevron (CVX)
In a report released yesterday, Biraj Borkhataria from RBC Capital maintained a Buy rating on Chevron (CVX – Research Report), with a price target of $175.00. The company's shares closed yesterday at $141.62.
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According to TipRanks, Borkhataria is ranked #3819 out of 9492 analysts.
In addition to RBC Capital, Chevron also received a Buy from Argus Research's Bill Selesky in a report issued on May 7. However, on May 6, DZ BANK AG downgraded Chevron (NYSE: CVX) to a Sell.
Based on Chevron's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $47.61 billion and a net profit of $3.51 billion. In comparison, last year the company earned a revenue of $46.58 billion and had a net profit of $5.5 billion
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