Standpoint Research has launched coverage on Exxon Mobil (NYSE:XOM), starting the energy giant off with a "Buy" rating.
Exxon has struggled over the last 12 months, dropping below $57 at its low point in July, but rebounding from then on.
On Friday they closed at $66.34, gaining $0.02, or 0.03 percent. Standpoint has a price target of $78 on the oil giant.
Exxon has a market cap of approximately $337.79 billion.
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