This Just In: Chevron Stock Upgraded

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

With its shares up 17%, U.S. oil major Chevron Corporation (NYSE: CVX) is neck and neck with the S&P 500 for performance over the past year, lagging by just a couple of percentage points at last count. But here's the really good news: According to the analysts at Australian banker Macquarie, Chevron is about to surge into the lead!

Here's what you need to know.

Source: Fool.com