Now that Exxon Mobil (XOM) is nearing $90, Bernstein has upgraded XOM to Outperform, calling the company a safe investment in the current environment. We assume it’s “safe” because of $150 oil and the “current environment” refers to a global economy collapse. Regardless, Bernstein cites:
- best of industry returns
- a high credit rating
Bernstein upgraded Exxon Mobil (XOM) from Market Perform to OUTPERFORM.
Oil Analysts Cashing Out: Sign of Top for Exxon Mobil (XOM), ConocoPhillips (COP), et al? (XOM, COP, LEH)
Even Iran’s President Now Jawboning Oil Prices Down (XOM)
Stocks Crushed As Morgan Stanley Says Oil to $150 By July 4th, Exxon (XOM) Jubilant (SPY, MS, XOM)
Business Insider Emails & Alerts
Site highlights each day to your inbox.