Exane BNP Paribas Downgrades ExxonMobil (XOM) Rating and Lowers Price Target

Core Viewpoint - Exane BNP Paribas has downgraded ExxonMobil's rating from "Neutral" to "Underperform" [1] - The price target for ExxonMobil has been reduced from $115 to $105 [1] Company Summary - The rating change indicates a more pessimistic outlook on ExxonMobil's performance in the market [1] - The adjustment in price target reflects a decrease in expected valuation for ExxonMobil [1]