Exane BNP Paribas Downgrades ExxonMobil (XOM) Rating and Lowers Price Target

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Exane BNP Paribas has revised its rating for ExxonMobil (XOM, Financial) from "Neutral" to "Underperform".

The financial institution has also adjusted its price target for ExxonMobil, reducing it from $115 to $105.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.