XOM Stock: $69 Target From BMO Capital

By Amit Chowdhry ● July 21, 2021
  • The shares of Exxon Mobil Corporation (NYSE: XOM) have received a price target of $69 recently from BMO Capital. These are the details.

The shares of Exxon Mobil Corporation (NYSE: XOM) have received a price target of $69 recently from BMO Capital. And BMO Capital analyst Phillip Jungwirth had initiated coverage of Exxon with a “Market Perform” rating.

Jungwirth noted that Exxon has a lot of momentum even though the share price performance has reflected a lot of it. And Jungwirth currently sees the company’s valuation, the ability to increase cash returns, and the cash flow leverage to higher oil prices as less attractive than Chevron or Conoco. 

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