Energy giant ExxonMobil (XOM) has received a downgrade from Truist Securities to Hold from Buy. The firm has also slashed its price target for ExxonMobil's shares from $146 to $124, citing valuation concerns in the near term. Yahoo Finance's Madison Mills and Seana Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
ExxonMobil (XOM) and QatarEnergy's ambitious Golden Pass LNG project faces a significant delay after contractor issues, pushing the expected startup of key LNG trains to late 2025 and early 2026.
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