Morgan Stanley Sees ExxonMobil (XOM) Breaking Its Record High. Can the Oil Giant Deliver? The recent surge in ExxonMobil's stock price has left investors wondering if the oil giant can sustain its momentum.
With Morgan Stanley boosting its price target to $177, a record high, investors are once again putting their faith in the company's ability to deliver strong earnings amidst growing concerns over environmental, social, and governance (ESG) factors.
Despite the enduring power of fossil fuels, ExxonMobil's ESG credentials have been under increasing scrutiny in recent years.