TD Cowen raised Exxon Mobil's price target to $128, citing strategic differentiation and earnings visibility.

From Financial Modeling Prep: 2025-06-23 16:07:00

TD Cowen raised Exxon Mobil’s price target to $128 from $120, citing strategic differentiation through technology deployment and improved earnings visibility. The firm sees Exxon as an industrial equity, leveraging innovation for resource recovery and deal-making flexibility. Recent developments include positive synergy potential from acquisitions and progress on the Baytown hydrogen project.

Exxon Mobil remains a Top Pick for TD Cowen, with a higher price target reflecting stronger near-term earnings. The firm’s valuation is based on a net present value model of free cash flow, projecting to 2030. TD Cowen is confident in Exxon’s ability to deliver value in a changing energy landscape, emphasizing durable growth.



Read more at Financial Modeling Prep:: TD Cowen Lifts Exxon Mobil Price Target, Cites Ear…