BMO Capital raised the firm’s price target on Occidental (OXY) to $60 from $48 and keeps a Market Perform rating on the shares after its Q4 earnings beat. The firm is positive on the company’s more capital efficient 2026 budget and M&M outperformance while also noting that its revised outlook drives more free cash flow and accelerated de-leveraging, plus 1-2% production growth through 2027, the analyst tells investors in a research note.
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