Exxon Mobil price target lowered to $158 from $173 at JPMorgan
JPMorgan lowered the firm's price target on Exxon Mobil to $158 from $173 and keeps an Overweight rating on the shares after the company released its Q2 earnings bridge. After taking into account the disclosures in the 8-K supplement, the firm forecasts adjusted Q2 EPS of $3.68, versus the Street estimate of $3.65 and the mid-point of Exxon's earnings bridge at $3.56, the analyst tells investors.
JPMorgan lowered the firm's price target on Exxon Mobil to $158 from $173 and keeps an Overweight rating on the shares after the company released its Q2 earnings bridge.
After taking into account the disclosures in the 8-K supplement, the firm forecasts adjusted Q2 EPS of $3.68, versus the Street estimate of $3.65 and the mid-point of Exxon's earnings bridge at $3.56, the analyst tells investors.