Analysts fell to the sidelines weighing in on Chevron (CVX – Research Report) and Ecopetrol SA (EC – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Chevron (CVX)
Morgan Stanley analyst Devin McDermott maintained a Hold rating on Chevron on March 1 and set a price target of $195.00. The company’s shares closed last Monday at $165.74.
According to TipRanks.com, McDermott is a 5-star analyst with an average return of
Currently, the analyst consensus on Chevron is a Moderate Buy with an average price target of $189.69, which is a 15.4% upside from current levels. In a report issued on February 15, Jefferies also maintained a Hold rating on the stock with a $188.00 price target.
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Ecopetrol SA (EC)
Morgan Stanley analyst Bruno Montanari maintained a Hold rating on Ecopetrol SA on March 1 and set a price target of $11.20. The company’s shares closed last Monday at $11.61.
According to TipRanks.com, Montanari is a 4-star analyst with an average return of
Ecopetrol SA has an analyst consensus of Moderate Buy, with a price target consensus of $12.75.
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