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ALSO READ: 6 Oil and Gas Stocks Analysts Want You to Buy Now. United States Steel Corp. (NYSE: X) saw its price target raised to $15 from $7 in the Barclays call. Merrill Lynch raised its price objective to $9 from $1 to reflect a sharp EBITDA recovery from higher selling prices and as valuations remain at a trough.
Using the data for Exxon from the yahoo link below: Price Target Summary Mean Target: 90.50 Median Target: 90.00 High Target: 105.00 Low Target: 64.00 No. of Brokers: 18 There are 18 estimates. Mean = sum of estimates / 18 Median = middle estimate. Rank them top to bottom, select the middle value. XOM's closing price on Friday was $73.90, so most analysts forecast a gain.