Scotiabank Adjusts Exxon Mobil (XOM) Price Target to $115, Maintains Outperform Rating | XOM Stock News

Apr 11, 2025

Scotiabank analyst Paul Cheng has revised the firm's price target on Exxon Mobil (XOM, Financial), reducing it from $140 to $115. Despite this adjustment, the analyst maintains an Outperform rating on Exxon Mobil's shares. This decision comes as part of a broader reevaluation of ratings within the U.S. Integrated Oil, Refining, and Large Cap Exploration & Production sector.

The revision reflects Scotiabank's ongoing assessment of the energy market landscape, as the firm continues to update its outlook on significant industry players.

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