Monitor on two buy zones in above chart.
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If you haven`t bought CVX at my last call:
Then you should know that there is still a 19% upside according to the Morgan Stanley price target.
Looking forward to read your opinion about it.
Recently, on 11/19/2021 Morgan Stanley brokerage Boosted the Price Target for CVX Chevron Corporation to Overweight from $149.00 to $155.00.
Jim Cramer also talked about a buy opportunity in Chevron shares yesterday, since they have enough money to pay the dividends for the next year, 5.36 (4.57%), and the demand for oil is still there.
The Price per Earnings...
Oil prices are rising sharply as demand recovers from the economic downturn caused by the coronavirus. Chevron stock is up about 25 percent in 2021 as the company undoubtedly benefits from a global economic recovery and a rebound in tourism. The company recently reported a net income of $3.1 billion and free cash flow of more than $5 billion in the second quarter,...
