UPDATE: Raymond James Upgrades Exxon Mobil to Strong Buy, Cites Stock's Recent Underperformance, Strong Free Cash Flow
October 04, 2013 at 12:21 PM EDT
In a report published Friday, Raymond James analyst Pavel Molchanov upgraded his investment rating on Exxon Mobil (NYSE: XOM ) from Outperform to Strong Buy. The analyst maintains a $98 price target on the stock. Molchanov cited a year of underperformance. The Raymond James analyst is anticipating strong free cash
