** Mizuho raises price target on energy companies citing a higher oil-price deck and reduced risk of 2026 oversupply
** "In our view, just one month of displaced crude output from the Middle East reduces the anticipated F2026 oversupply in global oil markets. The situation remains fluid, but the probability of low-50s Brent.... is negligible at this point" - Mizuho
Brokerage raises price targets on the following companies:
Company | Old PT | New PT | Upside/Downside to the stock's last close |
Exxon Mobil XOM.N | $140 | $162 | 3% |
Chevron CVX.N | $206 | $217 | 10.2% |
Phillips 66 PSX.N | $152 | $170 | (2%) |
Diamondback Energy FANG.O | $205 | $220 | 20.6% |
Marathon Petroleum MPC.N | $205 | $224 | (2.1%) |
Valero Energy VLO.N | $197 | $222 | (4.5%) |
ConocoPhillips COP.N | $121 | $136 | 12.1% |
Coterra Energy CTRA.N | $36 | $43 | ~33% |
EOG Resources EOG.N | $134 | $146 | 8.5% |
(Reporting by Dharna Bafna in Bengaluru)
((dharna.bafna@thomsonreuters.com))