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Actionable news in CVX: CHEVRON CORPORATION,

Chevron (CVX) Stock Receives New Rating at Nomura

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NEW YORK (TheStreet) -- Chevron Corp. (CVX - Get Report) stock coverage was initiated with a "neutral" rating by analysts at Nomura who see both positive catalysts and headwinds going forward.

Shares are rising 0.39% to $97.27 on Friday morning.

The firm, which has an $85 price target on the stock, said its rating "reflects the balance between the highest rate of FCF growth against aggressive 2016 cash burn and project execution risks."

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