🔥 🟢 Chevron announced last Monday that it will acquire all of the outstanding shares of PDC Energy in an all-stock transaction valued at $6.3 billion (or $72 per share). Following the announcement, Chevron received two upgrades. HSBC upgraded the company to Buy from Hold while cutting its price target to $189.00 (from $193.00). CFRA upgraded the company to Buy from Hold with a price target of $172.00. Source: investing.com
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