Chevron received mixed analyst coverage after its recent rally, as HSBC downgraded the stock to Hold citing valuation concerns, while JPMorgan maintained its Overweight rating.
- JPMorgan raised its price target on CVX to $181 from $176.
- HSBC also raised its price target to $180 (from $169) but downgraded the rating from Buy.
- Despite the prior week's upbeat Q4 earnings, shares traded under pressure following the mixed reports.