Raymond James analyst John Freeman lowered the firm’s price target on Occidental Petroleum (OXY) to $50 from $55 and keeps an Outperform rating on the shares. While plenty of macro uncertainty remains, the oil price has for the time being recovered, and Raymond James sees minimal activity changes from management teams as a result, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OXY:
- Occidental Petroleum price target raised to $50 from $48 at Piper Sandler
- 1PointFive announce carbon removed credit agreement with Palo Alto Networks
- Occidental Petroleum price target lowered to $46 from $47 at Wells Fargo
- Occidental Petroleum price target raised to $48 from $47 at JPMorgan
- Cautious Outlook for Occidental Petroleum Amid Operational and Financial Challenges