Exxon Mobil (XOM) Price Target Lowered by $17 at TD Cowen. Here is Why
Yahoo Finance ·
Exxon Mobil (XOM) Price Target Lowered by $17 at TD Cowen. Here is Why Sultan Khalid Wed, July 8, 2026 at 1:05 AM EDT 1 min read XOM With an annual dividend yield of 3.01%, Exxon Mobil Corporation (NYSE: XOM ) is included among the 14 Best Blue Chip Dividend Stocks to Buy According to Hedge Funds . Exxon Mobil Corporation (NYSE:XOM) is one of the largest integrated fuels, lubricants, and chemical companies in the world. On July 2, TD Cowen trimmed its price target on Exxon Mobil Corporation (NYSE:XOM) from $172 to $155, but reiterated a 'Buy' rating on the shares. The lowered estimate, which still indicates an upside of 13% from the current levels, comes after the analyst firm revised its targets in the oil majors space as part of a Q2 earnings preview. TD Cowen believes that the recent "rapid correction" in crude oil prices and equities following the signing of an MoU between the US and Iran has created "pockets of opportunity" in the sector. The firm said that it prefers Shell, Chevron, and TotalEnergies as we head into the Q2 earnings season. Exxon Mobil Corporation (NYSE:XOM) has grown its annual dividend-per-share for 43 consecutive years and boasts a robust yield of 3.01% as of the writing of this piece, putting it among the 12 Best S&P 500 Stocks to Buy for Dividends . While we acknowledge the potential of XOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 10 Energy Stocks with Highest Dividends and 12 Best NYSE Stocks to Buy for Dividends Disclosure: None. Follow Insider Monkey on Google News .
DYAX Investor Sentiment
Bullish (Long) 58% · Bearish (Short) 42%
511 participants
Related News
- Biggest stock movers Thursday: AZN, AP, and more
- Biotech rally rests on fundamentals, M&A appetite, says ROTY's Faison
- The Stock Market Just Made a Move That Warren Buffett Has Called "Playing With Fire." History Shows He's Right.
- Mercator Acquisition raises $150M in IPO
- Rubrik to invest $500M in U.K., names London EMEA headquarters
- Cerebras Systems eyes multi-billion-dollar Europe investment