Chevron Corp (CVX) rose 1.28% to $182.87 following an upgrade to "buy" and a price target hike from Melius Research. The stock is rebounding from a previous decline, supported by positive broader market sentiment and the release of Fed minutes.
- Melius Research upgraded the stock to "buy", signaling confidence in the company's outlook despite shares initially showing resistance to the news.
- The gains align with a broader market rally, as the Nasdaq (+1.05%) and S&P 500 (+0.57%) respond to favorable economic data.
- CVX is currently trading at $182.87, successfully recovering from its previous close of $180.55.