Chevron (CVX +0.8%) is upgraded to Buy from Hold by Dahlman Rose with a $120 price target even...

|About: Chevron Corporation (CVX)|By:, SA News Editor

Chevron (CVX +0.8%) is upgraded to Buy from Hold by Dahlman Rose with a $120 price target even after CVX increased its Gorgon LNG project cost estimate to A$52B from A$37B, in line with the research firm's $50B-$58B estimate. The firm notes that first LNG cargoes are projected to be delivered in Q1 2015, in-line with expectations.