BUZZ-Street View: Chevron's Hess deal poised to accelerate growth prospects
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Chevron's recent $55 billion acquisition of Hess has led to record Q3 results, surpassing estimates. Analysts have a median price target of $173.5, with Morningstar noting the deal enhances Chevron's long-term growth and competitiveness. Evercore ISI highlights Chevron's diverse portfolio, while BofA Global Research anticipates strong shareholder returns from the Hess integration. However, TD Cowen expresses concerns over cash flow contributors, which may hinder free cash flow prospects.
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