Analysts Just Revised Their Ratings for These 5 Companies

2. Exxon Mobil Corporation (NYSE:XOM)

Number of Hedge Fund Holders: 83

Shares of Exxon Mobil Corporation (NYSE:XOM) closed higher on Tuesday, June 21, 2022, after Credit Suisse improved its ratings for the stock from “Neutral” to “Outperform,” citing Exxon’s investments in several lucrative oil and gas projects.

Credit Suisse analyst Manav Gupta believes Exxon’s “differentiated growth strategy” following the Russia-Ukraine conflict will drive its growth. Gupta also lifted his price target for Exxon Mobil Corporation (NYSE:XOM) from $115 per share to $125 per share.

The upgrade comes a day after Exxon Mobil Corporation (NYSE:XOM) inked a deal with QatarEnergy to increase Qatar’s gas exports. Exxon will invest $29 billion in the project, dubbed as the biggest gas project in the world.