How Will Exxon Mobil (XOM) Stock React To This Analyst Action Today?

NEW YORK (TheStreet) -- Exxon Mobil Corp  (XOM) stock is down -0.75% to $103.50 in pre-market trading as Barclays  (BCS) downgraded the oil company to "underweight" from "equal weight," but raised its price target to $105 from $100.

The firm cited Exxon's valuation and its likeliness to face relative headwinds compared to other oil companies due to the lack of meaningful near-term production growth for the change in rating.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

XOM Chart XOM data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Apple and GE Switch Roles; Musk's Super Control of Tesla Explained -- ICYMI

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Trump May Be More to Blame For Higher Oil Prices Than OPEC

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists