Exxon Mobil (XOM) Upgraded To Buy: A Safe Investment

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.

See Also:
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)


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.