Mizuho Maintains Buy on Occidental Petroleum, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains a Buy rating on Occidental Petroleum (NYSE:OXY) but lowers the price target from $79 to $67.
May 19, 2023 | 10:50 am
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NEUTRAL IMPACT
Mizuho analyst Nitin Kumar maintains a Buy rating on Occidental Petroleum (NYSE:OXY) but lowers the price target from $79 to $67.
The news of Mizuho maintaining a Buy rating on Occidental Petroleum is positive for the stock. However, the lowering of the price target from $79 to $67 indicates a reduced growth outlook, which may offset the positive sentiment. As a result, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100