: Buy Chevron stock on weakness, BofA says

Chevron Corp. CVX shares have been pummeled in recent weeks after a quarterly earnings miss for the oil giant and news it plans to merge with Hess Corp. HES The stock is down around 15% and that “looks overdone,” BofA securities Doug Leggate said in a note Monday. Leggate upgraded his rating on Chevron’s stock to buy, and upped his price target to $200, from $190, which implies an upside of about 38% over Monday prices. “Assuming the potential deal closes on the agreed terms any rational...