Should you buy Chevron shares after a JPMorgan downgrade? On Wednesday, Chevron Corp (NYSE:CVX) shares edged 1.5% higher despite receiving a rating downgrade from JPMorgan analyst Phil Gresh. The analyst downgraded the stock from overweight to equal-weight, citing rising transition costs that the company has been unable to offset. Chevron is transitioning towards renewable energy sources amid changing market trends. In a note to [...] The post Should you buy Chevron shares after a JPMorgan downgrade? appeared first on Invezz.
Author: Motiur Rahman