Exxon Mobil in August, the stock was trading under $40 and investors were betting that it would have to cut its dividend. One analyst even suggested that it merge with Chevron and change its name. But Exxon hasn’t faded into obscurity. Instead, the stock has started gaining new fans. In just the past week, three analysts have upgraded Exxon to Buy ratings. One upgrade came from J.P. Morgan analyst Phil Gresh, who predicted the stock can rise to $56 from around $48. Gresh admits he isn’t early to this call. The stock is up nearly 50% from its fall bottom, and recently rose for nine trading days in a row—a streak that ended on Friday on a report that the Securities and Exchange Commission was looking into Exxon’s valuation of some of its holdings. But Exxon still trails other oil producers.