A Dollar General convenience store in Austin, Texas. (Photo by Brandon Bell/Getty Images)

 A Dollar General convenience store in Austin, Texas. (Photo by Brandon Bell/Getty Images)

  • Redburn upgraded Exxon Mobil (XOM) to Neutral from Sell with a price target of $105, up from $100. OPEC+ intervention has resulted in a more constructive macro outlook than initially feared, 

  • while the recent spike in refining margins has also contributed to earnings upgrades, the firm tells investors in a research note.

  • Morgan Stanley upgraded 3M (MMM) to Equal Weight from Underweight with a price target of $113, up from $102. The company's legal liabilities are likely to grow but now look better discounted into the shares, the firm argues.


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