TD Cowen raised the firm’s price target on Occidental (OXY) to $54 from $48 and keeps a Hold rating on the shares. The firm said now that deleveraging is in the rearview, OXY highlighted little to no appetite for M&A as its focus remains on execution ahead of BRK preferred redemption in 2029 as 2026 guidance highlights ratable progress on efficiency gains, though likely includes services concessions.
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