Chevron Price Target Cut by Barclays to $208

Barclays has lowered its price target for Chevron to $208 from $216. The change was made in accordance with TipRanks' Smart Score performance, which is based on backtested results.

The backtested performance reflects a strategy not historically offered to investors and does not represent actual returns any investor may have attained. General assumptions were made for modeling purposes, including the ability to purchase securities recommended by the model and sufficiently liquid markets to permit trading.

Certain assumptions, such as XYZ firm being able to purchase recommended securities, may impact backtested results. The performance is developed with hindsight and has inherent limitations, including the effect of material economic and market factors on decision-making. Since trades were not actually executed, results may under- or over-compensate for certain market factors.