Chevron Finally Seems To Be Out Of The Woods, Says Bullish Analyst

After a series of disappointing quarters, Chevron Corp (NYSE:CVX) reported "a resilient set of results," reflecting momentum in the Hess integration, according to RBC Capital Markets.

The Chevron Analyst: Analyst Biraj Borkhataria reiterated an Outperform rating and price target of $175.

The Chevron Thesis: The company seems to be recovering and finally have "the wind in its sails," Borkhataria said in the note.

Check out other analyst stock ratings.

Management commentary was mostly focused on the integration of Hess, ...