Chevron stock holds steady as TD Cowen reiterates $168 price target

TD Cowen has reiterated its Hold rating and $168.00 price target for Chevron (NYSE:CVX), noting the company’s focus on margin expansion over production growth and its operations in the Permian Basin and Middle East opportunities. Despite appearing overvalued compared to its Fair Value estimate, Chevron boasts a strong financial health score and an attractive 3.94% dividend yield. Recent developments include increased price targets from BMO Capital and JPMorgan, a strategic deal with Turkey’s Turkish Petroleum Corp, and potential oil and gas production licensing in Venezuela.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)