Goldman Sachs calls it time to sell Exxon shares
Shares of Exxon Mobil Corp. XOM, -4.12% fell 0.7% in premarket trading Monday, extending losses toward a fresh 9 1/2-year low, after Goldman Sachs said it's time to sell, citing a "challenged" free cash flow outlook and long-term returns on capital employed . Analyst Neil Mehta cut his rating on the oil giant to sell, after being at neutral for at least the past three years, and slashed his stock price target to $59 from $72.
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