ExxonMobil (XOM) PT Raised to $158 at Wells Fargo

Wells Fargo analyst Roger Read raised the price target on ExxonMobil (NYSE: XOM) to $158.00 (from $156.00) while maintaining a Overweight rating.

The analyst comments "Overweight: Prior to the CPU, our 2026 production/capex estimates were 4.9MM boe/ d and $29B cash capex, in line with the update and therefore we make no adjustments. At our $7.97 2026 EPS estimate based on $60 Brent, we see the $20B fully funded with organic FCF and a 7.4% total return of capital yield. Maintain Overweight, price target increased from $156 to $158."

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