HES acquisition removes a key overhang for Chevron: analyst
Written by Emily J. Thompson, Senior Investment Analyst
Source: Yahoo Finance
Chevron's Acquisition of Hess: Morgan Stanley has resumed coverage of Chevron with an Overweight rating and a $174 price target, citing the acquisition of Hess as a strategic move that enhances Chevron's growth outlook and removes uncertainties.
Financial Performance and Projections: Chevron reported strong second-quarter earnings, exceeding estimates, and is expected to see significant cash flow growth through 2026, despite its long-term organic growth being below peers like Exxon.
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.
