Actionable news
0
All posts from Actionable news
Actionable news in XOM: EXXON MOBIL CORPORATION,

Exxon Mobil (XOM) Stock Rising on Barclays Upgrade

NEW YORK (TheStreet) -- Shares of Exxon Mobil (XOM - Get Report) are up by 0.19% to $79.41 in pre-market trading on Monday, after the oil company's stock was upgraded to "equal weight" from "underweight" by analysts at Barclays today.

The firm also raised the company's price target to $85 from $80, a potential upside of 7% from the stock's current level.

Exxon has a relatively high dividend yield which in the past has led to the stock outperforming the sector, Barclays noted.

STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks with serious upside potential. See them FREE for 14-days.

Despite the upgrade, analyst at the firm said that they still prefer ConocoPhillips (COP) and Suncor (SU) over Exxon Mobil among oil sector stocks.

Separately, TheStreet Ratings team rates EXXON MOBIL CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate EXXON MOBIL...


More