UBS lowered the firm’s price target on Occidental Petroleum (OXY) to $44 from $52 and keeps a Neutral rating on the shares. The firm sees Energy viewed as a recession downside play, the analyst tells investors in a research note. UBS lowered its price target reflecting increased uncertainty around economic activity and commodity prices.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OXY:
- Unusually active option classes on open April 3rd
- Occidental Petroleum price target lowered to $60 from $71 at Stephens
- Occidental Petroleum announces results of offer to exercise warrants
- CVX, XOM, OXY: Oil Prices Rise as Trump Takes Aim at Venezuelan Crude
- Occidental Petroleum price target lowered to $58 from $63 at Morgan Stanley
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue