NEW YORK (AFX) – Shares in Exxon Mobil Corp are expected to open higher, after Bank of America Securities upgraded the stock to ‘strong buy’ from ‘buy’, mainly on valuation grounds, dealers said. In a note to clients, Bank of America said that the stock’s recent under-performance was largely due to technical factors. Exxon shares…
COMPANY: Exxon Mobil seen higher as BoA upgrades to ‘strong buy’ vs ‘buy’
Posted on July 30, 2002 by EnergyAsia