Exxon Mobil price target raised to $152 from $150 at UBS

UBS analyst Josh Silverstein raised the firm’s price target on Exxon Mobil (XOM) to $152 from $150 and keeps a Buy rating on the shares. The firm cites the company’s improved Upstream resource base following the Pioneer (PXD) transaction close, key Downstream project startups next year, and Exxon Mobil’s improving cost structure adding $5B of earnings power over the next four years, the analyst tells investors in a research note.