JPMorgan raised the firm’s price target on Occidental (OXY) to $50 from $49 and keeps a Neutral rating on the shares. The firm expects upside to Occidental’s Q3 estimates due to production tailwinds in the U.S. Gulf and better than expected midstream earnings.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OXY:
- Oil Remains Under $60 a Barrel as Investors Focus on U.S.-China Trade
- Occidental Petroleum’s Bold Move: OxyChem Sale Shakes Market
- ‘Not So Fast,’ Warns Analyst on Occidental Petroleum’s (OXY) $9.7B OxyChem Deal
- Occidental price target raised to $47 from $45 at Scotiabank
- OXY, GM, STLA: Trump Threatens to “Kill” Clean Energy in $12B Grants Cull