Scotiabank and Wolfe Research Cut Exxon Mobil (XOM) Price Targets

Group 1 - Exxon Mobil Corporation (NYSE:XOM) is recognized as one of the 12 Best American Energy Stocks to Buy Now, with Scotiabank reducing its price target from $155 to $128 while maintaining an Outperform rating [1] - Wolfe Research also lowered its price target on Exxon Mobil from $141 to $140, keeping an Outperform rating, and considers it a top performer in the oil sector heading into 2026 due to solid execution and attractive valuation [3] - Scotiabank is updating price targets for US integrated oil companies and expects straightforward quarterly earnings without major winter weather disruptions, while investors will focus on potential changes in companies' 2026 guidance and cost-cutting programs [2] Group 2 - Wolfe Research highlights Exxon Mobil's strong momentum and potential for faster free cash flow growth, viewing the company as undervalued with best-in-class visibility and a good execution record [4]