Wall Street Analysts Back INSW and Chevron With Buy Ratings
BTIG and BofA Securities reaffirm bullish stances on two energy names, signaling continued sector confidence.
Two prominent Wall Street analysts are doubling down on energy sector optimism, issuing fresh endorsements for tanker operator International Seaways and oil supermajor Chevron — a pairing that reflects broad confidence across both upstream and shipping segments of the energy market.
Gregory Lewis of BTIG reiterated a Buy rating on International Seaways (INSW), setting a price target of $90.00 per share. The call underscores sustained interest in crude and product tanker stocks, which have benefited from persistent global trade route disruptions and tight vessel supply in recent years. Lewis's conviction aligns with a broader Strong Buy consensus that analysts have assigned to INSW.
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On the integrated oil side, Jean Ann Salisbury of Bank of America Securities maintained her Buy rating on Chevron (CVX) with a $210.00 price target. Chevron, one of the largest energy companies in the world, has navigated a complex environment of fluctuating crude prices, capital discipline pressures, and ongoing portfolio restructuring. Salisbury's continued bullishness suggests she sees the stock as undervalued relative to its long-term cash generation potential — though that analytical context is her firm's interpretation, not an independently verified projection.
What makes both calls notable is their convergence on Strong Buy consensus ratings — a threshold that typically requires broad agreement among a stock's covering analysts, not just one or two voices. When institutional desks at firms like BTIG and Bank of America Securities align with wider analyst communities, it tends to carry more weight for institutional portfolio managers making allocation decisions.
For investors tracking the energy sector, these reaffirmed ratings serve as a reminder that despite macro headwinds — including rate uncertainty and demand questions out of China — sell-side confidence in select energy names remains intact heading into the latter half of the year. Continue reading at The Globe and Mail.
