Chevron Corporation (NYSE:CVX) Price Target Cut at Scotia

Scotia Howard Weil cut target price on Chevron Corporation (NYSE:CVX) to $100 from $101 remaining constructive on a longer-term recovery of crude markets that should pave the way for a more sustainable margin environment for the company into the future.

The firm is one of 11 equity research analysts that have recently weighed in on shares of Chevron Corporation (NYSE:CVX). On a consensus basis, the sell-side has a one year price target of $99.636 on the stock. The most aggressive analyst sees the stock reaching $122 while the most conservative has a $85 target price.

In terms of Buy,Sell or HOld recommendations, Chevron Corporation has an averate broker rating of 1.67. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that the company will report earnings of $-0.11 for the current quarter on or around 2016-05-06. Most recently the company posted an earnings surprise of -164.58% as the reported number of $-0.31 was $-0.79 away from consensus estimates.

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