Chevron's Hess Acquisition Fuels Broader M&A Frenzy
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As the Russian revolutionary Vladimir Lenin put it: "There are decades where nothing happens; and there are weeks where decades happen."
This is one of those weeks. On Monday, Chevron said it would acquire energy player Hess for $53 billion. It's the latest megadeal in a wildly active industry this month, and it's happening during one of the most pronounced deal droughts on Wall Street in recent memory.
Source Fool.com
Hess Corp. Stock
Currently there is a rather negative sentiment for Hess Corp. with 10 Buy predictions and 14 Sell predictions..
However, we have a potential of 38.58% for Hess Corp. as the target price of 173 € is above the current price of 124.84 €.