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 story : Jefferies lifts oil-price view and upgrades Eni and Exxon Mobil #FinanceUSA #StockMarketNEWS Analysts at Jefferies increased their oil price view as well as their ratings on Eni and Exxon Mobil. They

@stockMarketNEWS Tue 13 Apr, 2021

Posted in: #FinanceUSA #StockMarketNEWS

Jefferies lifts oil-price view and upgrades Eni and Exxon Mobil #FinanceUSA #StockMarketNEWS
Analysts at Jefferies increased their oil price view as well as their ratings on Eni and Exxon Mobil. They lifted their long-term Brent oil forecast to from , citing recovering demand as the vaccination rollout continues and a lower supply risk from the high levels of OPEC+ spare capacity. They lifted Eni to buy from hold, citing the dividend yield and the potential to spin off its biofuel business. Exxon was upgraded to hold from underperform, on a improved macro environment, though they said Chevron's investment case was more compelling, combining a higher cash flow yield and higher upstream growth potential.


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