UBS raised its price target for Chevron to $265, and Morgan Stanley changed its target to $230.

CVX · Chevron Corporation

The AI's read

Those calls point to confidence in Chevron's cash generation, backed by its recent results. Morgan Stanley's smaller target increase tempers the signal, and analyst estimates are not new company results. Still, both banks raised their targets, and the reported cash generation and refining profits support a favorable read.