Stocks
Chevron Gets Bullish Boost from J.P. Morgan Amid New Price Target
J.P. Morgan analyst Arun Jayaram has reaffirmed Chevron (CVX.US) with a buy rating, increasing his target price for the energy giant from $190 to $222.
The adjustment comes after TipRanks data revealed Jayaram's success rate of 57.9% and an average return of 7.8% over the past year.
It is worth noting that a successful rating, according to TipRanks, is one where their virtual portfolio earns a positive return from the stock.