BUZZ-TD Cowen raises PT on Exxon citing higher Permian gains
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TD Cowen raises Exxon's price target to $135, citing improved Permian recovery and cost cuts boosting earnings and cash flow. The brokerage highlights Exxon's ability to maintain shareholder distributions despite lower free cash flow forecasts. 16 of 29 brokerages rate the stock "buy" or higher, with a median PT of $132.
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