Ceasefire Deal Between Israel, Hezbollah Takes Effect Wednesday: Biden
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2024
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Source: Benzinga
Cease-Fire Agreement: Israel and Lebanon have accepted a U.S.-proposed cease-fire deal to end the conflict with Hezbollah, set to take effect at 4 a.m. Wednesday, which includes a 60-day truce overseen by the U.S. and United Nations.
Market Reactions: Following the announcement, oil prices fell, while Israeli stocks showed an increase of 23.5% year-to-date, despite concerns from Israeli officials about future security risks related to Hezbollah.
Analyst Views on XOP
Wall Street analysts forecast XOP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XOP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
