Exxon Mobil Sees Upgraded Price Targets

Barclays raised its price target on Exxon Mobil to $163 from $145 on March 13, and Piper Sandler raised its target to $186 from $145 on March 12, citing the Iran war and a $5/bbl increase to its mid-cycle WTI forecast. Both firms said tighter 2026 crude balances and higher commodity prices could boost E&P cash flows and shareholder returns.
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