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.

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