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Why Exxon Stock Can Rise More. Plus Netflix, Home Depot, and More.

Why Exxon Stock Can Rise More. Plus Netflix, Home Depot, and More.

Following the close of the Pioneer Natural Resources acquisition on May 3, we are resuming coverage of Exxon Mobil at Overweight. In addition, we see 16% upside to Exxon’s 2025 consensus free cash flow per share at flat oil ($80 a barrel WTI).