CVX
Another thumbs-up for Chevron
Chevron’s having one of those weeks where Wall Street can’t seem to stop talking about it. BNP Paribas analyst Lucas Herrmann upgraded the stock from Neutral to Outperform and set a fresh $174 price target.
Why you should care
That’s not a moon-shot price target, but it does signal that BNP Paribas thinks the market may still be underestimating Chevron’s staying power. When analysts turn more constructive on a mega-cap energy name, it can help keep the stock’s momentum from getting stuck in the mud.
The analyst soap opera continues
Chevron has been racking up calls lately, which is basically the investment world’s version of getting multiple texts after one good photo post:
- Goldman Sachs recently trimmed its target but stayed bullish
- RBC also kept the cheerleading going
- TD Cowen, on the other hand, took a more cautious stance
So this isn’t a one-way parade. It’s more like Wall Street arguing over whether Chevron deserves the leather jacket or the raincoat.
Big picture: Chevron remains firmly on analysts’ radar, and that matters because a string of upgrades can support sentiment even when oil markets themselves are doing their usual dramatic routine.