Earnings Outlook: Exxon earnings: Energy giant needs a boost as production concerns loom

Exxon Mobil Corp. needs to regain investor confidence after a couple of shaky quarterly results, but many doubt the third quarter would mark a turnaround for the company and its shares.

Exxon XOM, +2.04% is slated to report third-quarter results before the bell on Friday. Wall Street on average rates the stock a hold, with an average price target of $89.63 representing 20% upside over current share prices.

Related: McDonald’s, Walmart and other U.S. stocks that could rise from the ashes of a correction

>>> Original Source <<<