Major Bank Ratings | Wolfe: Upgrades Chevron to "Outperform", Recent Pullback Creates Buying Opportunity

Glonghui, July 2｜Wolfe Research has upgraded Chevron's rating from "Peer Perform" to "Outperform" with a target price of $210, pointing out that the recent pullback in the oil giant's share price has created an attractive entry opportunity for investors. The market has not yet fully reflected its improved long-term free cash flow outlook.