Bank of America upgrades Chevron from neutral to buy

Chevron was upgraded to "buy" from "neutral" by an analyst at Bank of America, who noted the company's free cash flow can "can support fair value around $96 or 34 percent above current levels and with no need for any further recovery in oil prices." Shares of the energy giant rose by 1.9 percent. CNBC's "Squawk on the Street" crew discuss the latest movement in the energy sector.
Mon, Sep 28 202010:04 AM EDT