Exxon Seen As Safe While Carrizo, Sanchez Energy Soar
Exxon Mobil (XOM) stock is seen as a safe bet despite underperforming smaller drilling companies like Carrizo Oil & Gas (CRZO) and Sanchez Energy (SN), whose shares continue to soar on the shale energy boom. Raymond James analyst Pavel Molchanov said Exxon has tended to do better when markets are risk averse and should draw investors looking for safety. He upgraded the stock to "strong buy" from "outperform" on Friday, maintaining a $98 per share
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