HSBC raised the firm’s price target on Occidental (OXY) to $68 from $59 and keeps a Buy rating on the shares. The firm increased estimates for the global integrated oil names due to the “macro shock” from the Middle East conflict.
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Read More on OXY:
- Occidental upgraded to Neutral from Underweight at JPMorgan
- Occidental Petroleum call volume above normal and directionally bullish
- Occidental price target raised to $64 from $50 at Raymond James
- Occidental price target raised to $72 from $67 at Mizuho
- Mixed options sentiment in Occidental Petroleum with shares down 0.85%