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Benzinga
Benzinga
Business
Priya Nigam

Why This Exxon Mobil Analyst Expects Big Oil Stock To Deliver 'Excellent Returns'

While many energy majors have cut back on investments in oil and gas, Exxon Mobil Corp (NYSE:XOM) expects the demand for fossil fuels to grow at least in the medium term and has continued to invest in “some of the most attractive oil & gas projects globally,” according to Credit Suisse.

The Exxon Mobil Analyst: Manav Gupta upgraded Exxon Mobil from Neutral to Outperform, while raising the price target from $115 to $125.

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