Piper Sandler Raises Chevron Price Target to Street-High $243

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โดย Investing.com·US·Read original
Summary · why it matters

Piper Sandler has lifted its price target on Chevron to a Street-high $243 from $207, part of a broader round of estimate increases across its integrated oil and refiner coverage driven by stronger crude and refining margins. The firm kept its overweight rating on the stock. Analyst John Royall raised the third-quarter Brent forecast to $88 per barrel from $80, and the fourth-quarter forecast to $90, citing continued supply issues on the diesel side lasting well into next year. The changes pushed Piper Sandler's estimates about 12% and 27% ahead of Wall Street's 2026 third-quarter and 2027 EBITDA forecasts for the majors, and roughly 15% and 36% above consensus for the refiners. Piper Sandler also lifted price targets for BP to $46, MPC to $462, PSX to $264, SHEL to $100, TTE to $93, VLO to $435, and XOM to $185.

Impact on stocks 9

Synthetic Biology (non-pharma) · 3 stocks
Marathon Petroleum Corp
MPC
▲ PositiveCapitalrelevance

Piper Sandler lifted its Marathon Petroleum price target to $462 as part of estimate increases across refiners.

Phillips 66
PSX
▲ PositiveCapitalrelevance

Piper Sandler raised its Phillips 66 price target to $264 amid higher refining-margin estimates.

Valero Energy Corporation
VLO
▲ PositiveCapitalrelevance

Piper Sandler lifted Valero's price target to $435 on stronger refining margin estimates.

Energy Transition & Power Demand · 3 stocks
Exxon Mobil Corp
XOM
▲ PositiveCapitalrelevance

Piper Sandler raised Exxon Mobil's price target to $185 in its integrated oil coverage update.

BP PLC
BP
▲ PositiveCapitalrelevance

Piper Sandler raised its BP price target to $46 as part of estimate increases across integrated oil coverage.

Shell plc
SHEL
▲ PositiveCapitalrelevance

Piper Sandler lifted its Shell price target to $100 amid broader estimate increases on majors.

Energy · 2 stocks
Chevron Corp
CVX
▲ PositiveCapitalrelevance

Piper Sandler raised Chevron's price target to a Street-high $243 from $207, keeping an overweight rating.

TotalEnergies SE
TTE
▲ PositiveCapitalrelevance

Piper Sandler raised its TotalEnergies price target to $93 in its integrated oil coverage round.

Financials · 1 stocks