The shares of Chevron Corporation…

  • The shares of Chevron Corporation (NYSE: CVX) have received a $140 price target from Wells Fargo. These are the details.

The shares of Chevron Corporation (NYSE: CVX) have received a $140 price target from Wells Fargo. And Wells Fargo analyst Roger Read upgraded Chevron to an “Overweight” rating from an “Equal-Weight” while increasing the price target from $115. 

Read had cited strong cash flow generation and yield and cash returns to shareholders. And Read also highlighted the company’s disciplined capex along with a solid balance sheet and solid execution — which is expected to continue.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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