Chevron Upgraded At Sanford Bernstein (CVX)

Sanford Bernstein upgraded shares of Chevron Corp. (NYSE: CVX) today and bumped their price target from $84 to $88. The stock has surged 2.31% during the current trading session to $72.64. In the last month, however, the stock has lost 8.32% of its market cap.

According to Google Finance, "Chevron Corporation (CVX) manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to its United States and International subsidiaries that engage in fully integrated petroleum operations, chemicals operations, mining operations of coal and other minerals, power generation and energy services."

Chevron has a market cap of $144.84 billion. The stock is currently trading at a around 14 times earnings. If you are bullish on the longer term prospects of the energy industry, but do not want to take on a lot of risk, take a look at this company.