Apart from optimistic oil forecasts, an analyst said Chevron Corporation CVX stands to benefit from several initiatives the company undertook in 2017. The Analyst BMO Capital Market analyst Brendan Warn upgraded shares of Chevron from Market Perform to Outperform and increased the price target from $120 to $140. Read moreStochastics are overbought? the price reached the upper edge of the rising channel, which means that the upside potential is over. The price will go down to the lower edge of the rising channel and will try to break it out. $CVX, Chevron Corporation / D