Latest news with #DevinMcDermott
Yahoo
4 days ago
- Business
- Yahoo
Morgan Stanley Rates Chevron (CVX) Overweight After Hess Deal
Chevron Corporation (NYSE:CVX) is one of the 12 Best American Energy Stocks to Buy Right Now. On August 4, Morgan Stanley analyst Devin McDermott resumed coverage of Chevron Corporation (NYSE:CVX), giving an Overweight rating and setting the price target at $174. Morgan Stanley believes that the recent closing of the acquisition of Hess Corporation removes a key overhang for Chevron Corporation (NYSE:CVX). This deal has also strengthened the company's business model. Photo by Luis Ramirez on Unsplash The analyst pointed out that although Chevron Corporation's (NYSE:CVX) long-term outlook is still 'less clear than peers,' this uncertainty is balanced by the company's 'leading FCF rate of change into 2026.' Chevron Corporation (NYSE:CVX) is a major American energy company that produces crude oil and natural gas. It also manufactures transportation fuels, lubricants, petrochemicals, and additives. While we acknowledge the potential of CVX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Performing AI Stocks So Far in 2025 and 12 Most Owned Stocks by Hedge Funds So Far in 2025. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
28-06-2025
- Business
- Yahoo
Morgan Stanley Hikes Antero Midstream (AM) Price Target to $17
Antero Midstream Corporation (NYSE:AM) is . On June 3, Morgan Stanley analyst Devin McDermott reiterated an 'Underweight' rating on the stock. However, the analyst raised his price target of the stock to $17 from $16. A senior executive of the energy sector company speaking in front of a board of investors. The price target hike underscores a positive adjustment in the valuation outlook despite the Underweight rating. The increase also underscores Morgan Stanley's expectations and projections based on the prevailing market conditions. The price target increase also comes on the heels of Antero Midstream Corp outperforming the overall equity market. The stock is up 22.22% year-to-date. Antero Midstream Corporation (NYSE:AM) is a midstream energy company that owns, operates, and develops assets in the Appalachian Basin, primarily serving Antero Resources. These assets include gathering systems, compression facilities, processing, and fractionation plants. While we acknowledge the potential of AM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best AI Stocks to Buy According to Billionaire David Tepper and 10 Stocks Analysts Are Upgrading Today. Disclosure: None.
Business Insider
15-05-2025
- Business
- Business Insider
Analysts Offer Insights on Utilities Companies: New Fortress Energy (NFE) and Contact Energy Limited (OtherCOENF)
Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on New Fortress Energy (NFE – Research Report) and Contact Energy Limited (COENF – Research Report). Confident Investing Starts Here: New Fortress Energy (NFE) Morgan Stanley analyst Devin McDermott maintained a Hold rating on New Fortress Energy today and set a price target of $13.00. The company's shares closed last Wednesday at $6.78. According to McDermott is a 5-star analyst with an average return of 10.1% and a 56.6% success rate. McDermott covers the NA sector, focusing on stocks such as Excelerate Energy, Inc. Class A, Cheniere Energy Partners, and Occidental Petroleum. New Fortress Energy has an analyst consensus of Moderate Buy, with a price target consensus of $11.60. Jarden analyst Grant Swanepoel maintained a Buy rating on Contact Energy Limited on May 12. The company's shares closed last Tuesday at $5.11. According to Swanepoel is ranked #8043 out of 9558 analysts. The the analyst consensus on Contact Energy Limited is currently a Moderate Buy rating.
