Goldman downgrades Exxon to 'sell', slashes returns outlook
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LONDON (Reuters) - Goldman Sachs downgraded ExxonMobil to "sell" following disappointing fourth-quarter results, as the Wall Street bank forecasted the oil and gas company will meet only half of its targeted returns by 2025.Irving, Texas-based Exxon's results missed Wall Street's recently lowered estimates, with earnings sliding to $5.6 billion(4.27 billion pounds) from $6 billion a year ago as weak oil and gas prices, sliding refining and chemicals profit margins offset a sharp increase in oil..