Monday, November 1, 2010

Morgan Stanley (NYSE:MS) Lowers Chevron's (NYSE:CVX) Earnings Estimate

Chevron (NYSE:CVX) had its earnings estimate lowered by Morgan Stanley (NYSE:MS) in 2010, although Morgan did maintain their "Overweight" rating on the giant energy company.

For fiscal 2010, earnings per share were downwardly adjusted from $9.53 to $9.29, and for fiscal 2011, earnings were upwardly adjusted from $9.60 to $9.72.

Chevron was trading at just above level at 1:40 PM EDT, rising to $82.76, gaining $0.16, or 0.19 percent.

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