NewsNewsDetails
Bank of America downgrades ExxonMobil's rating
The Block
1h ago
Ai Focus
Bank of America downgrades ExxonMobil to 'Hold' ( equal weight ), but maintains target price of $182 per share. Analysts say that ExxonMobil's overall operational stability was good in 2026, but it was affected by various timing factors and external headwinds; the downgrade is due to its peers having higher upside potential, and the structural transformation of BP ( BP ) may narrow ExxonMobil's valuation premium.
Helpful
No.Help

Bank of America downgrades ExxonMobil ( XOM ) to ‘Hold’ ( equal weight ), but maintains a target price of $182 per share. Based on the closing price of $162.75 on Wednesday, this target price still implies approximately 12% upside potential.

Bank of America analysts' views on this oil giant are as follows:

ExxonMobil exhibited good overall operational stability in 2026, but faced various timing factors and external headwinds, including the disruption to its Qatar project. Based on this, we expect the frequency of production interruptions for ExxonMobil to decrease, and its absolute valuation is expected to recover towards our target price of $182. However, we are giving a 'hold' rating this time because its direct peers have higher upside potential; at the same time, driven by the external environment and portfolio optimization, BP (BP) is undergoing structural transformation, and ExxonMobil's current valuation premium may narrow.

Tip
$0
Like
0
Save
0
Views 12
WalletJYS reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”，and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
Heintz Performance acquires Woodward Machine Corporation, with Viking M &A providing advisory services for the transaction
Viking Mergers and Acquisitions recently represented the owners of Woodward Machine Corporation in a sale to Heintz Performance Inc. Woodward Machine, established in 1978, specializes in precision steering systems and suspension components for racing cars and racing sports applications, and provides exclusive steering supplies for NASCAR Cup Series. After the transaction is completed, the company will continue to operate under the new name of WMC Manufacturing LLC in Casper, Wyoming.
PR Newswire
·2026-10-02 02:47:53
10
Analyst Warning: If Bitcoin's dominance continues to rise, altcoins may see a correction of 30% to 50%
VerifiedInvesting.com, the Chief Market Strategist, Gareth Soloway warned that if the dominance of Bitcoin continues to rise, altcoins may face a correction of 30% to 50%. He believes that if Bitcoin can maintain the trend line after its current breakout, it may continue to rise; in such a case, when Bitcoin consolidates or experiences a slight decline, altcoins tend to fall even more sharply.
Coinpedia
·2026-10-02 02:36:02
11
Three female leaders, M& T Bank, Wilmington Trust, will receive the American Banker 2026 Awards
M& T Bank and its subsidiary Wilmington Trust announce that Meghan Shue, Carly Nathanson, and Mary to Ammielle Stone will receive the 2026 awards for the American Banker “Most Powerful Women in Banking” project. The award ceremony will be held on October 22nd at the American Museum of Natural History in New York.
PR Newswire
·2026-10-02 02:26:10
10
Citi raises its 12-month target price for Bitcoin to $113,000
Citi raised its 12-month target price for Bitcoin on Thursday from $82,000 to $113,000, stating that renewed attention to cryptocurrencies, improved market sentiment, and inflows of ETF funds will drive prices upward. The bank also raised its target price for Ethereum from $2,240 to $3,028.
Fortune
·2026-10-02 02:16:16
12
U.S. Treasury yields rise to 5.3% boosting the dollar; euro falls to a 17-month low
As U.S. Treasury yields soar and the dollar strengthens, the euro falls to a 17-month low. The EUR / USD breaks below $1.123, the dollar index rises by about 0.6%, and the yield on 10-year U.S. Treasuries briefly touches 5.34%, the highest since 2002.
Coinpaper
·2026-10-02 02:06:30
13
View More
Latest from Author
Refresh
arrow
Mechanical hand that can walk on fingertips has been developed
Mechanical hand that can walk on fingertips has been developed
09-29 14:14   120peopleViews
News reports that Apple's iPhone 18 Pro series sold nearly 1.3 million units in China within 7 days of its launch.
News reports that Apple's iPhone 18 Pro series sold nearly 1.3 million units in China within 7 days of its launch.
09-27 21:59   214peopleViews
News: Changan Automobile Establishes the AD Collaborative Development Department; Avita and Deep Blue Begin Substantive Integration
News: Changan Automobile Establishes the AD Collaborative Development Department; Avita and Deep Blue Begin Substantive Integration
09-27 21:59   204peopleViews
Recommended