Exxon Mobil (XOM) Outlook Bullish

Morgan Stanley has maintained its “Overweight” rating for Exxon Mobil (XOM), signaling continued confidence in the energy giant. The firm also increased its price target for XOM to $134, a slight bump up from the previous target of $133.

Energy analyst Ben Cook, who covers XOM for Morgan Stanley, predicts crude oil prices will reach $60 per barrel by the end of the year.

Exxon Mobil’s market capitalization currently stands at approximately $489.1 billion, underscoring its significant influence and strong position within the global energy market.