Chevron: Elevated Risk?
July 31, 2015 at 13:29 PM EDT
S&P Capital IQ’s Stewart Glickman explains why he cut Chevron (CVX) to Hold from Buy following the oil major’s earning release: Bloomberg News We cut our 12-month target by $29 to $96 on our lower forward cash flow multiple, reflecting our view of elevated risk for Chevron to meet its stated targets. Chevron affirmed its focus on [...]
