New York, August 24 (FinanceEnquiry.com) ? Analysts at Credit Suisse reiterate their NEUTRAL rating on the shares of Exxon Mobil Corporation (NYSE: XOM). The 12-month target price has been raised from $85 to $90.
In a research note published on August 23, the analysts mention that the shares of Exxon Mobil Corporation are already trading at a premium against the large cap US producers, even though the company is approaching an affirmative operational inflection.
In addition to this, it seems really significant to flag ameliorating growth of Exxon Mobil Corporation, although enthusiasm gets tempered. Furthermore, once projects hit the level, 5 percent pa from dividends and buybacks together with multiple expansions is expected to be attractive. Target price has been raised after the review of valuation, the analysts add further.
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