Mizuho Splits Energy and Insurance Coverage Into Winners and Losers
The bank raised targets on Shell and Chevron the same day it cut Prudential Financial and FirstEnergy, citing LNG growth and Venezuela access against regulatory and Japan-related drag.
Mizuho raised its price target on Shell to $103 on LNG and refining strength and lifted Chevron's target on its Venezuela expansion, while cutting targets on Prudential Financial over a Japan sales suspension and on FirstEnergy over regulatory headwinds.