Stephens & Co. Maintains Overweight on Occidental Petroleum, Lowers Price Target to $69
Portfolio Pulse from richadhand@benzinga.com
Stephens & Co. analyst Mike Scialla maintains an Overweight rating on Occidental Petroleum (NYSE:OXY) but lowers the price target from $72 to $69.
July 18, 2023 | 12:30 pm
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Occidental Petroleum's price target has been lowered from $72 to $69 by Stephens & Co., though the Overweight rating is maintained.
The news directly pertains to Occidental Petroleum as the company's price target has been lowered by Stephens & Co. However, the Overweight rating suggests that the analyst still sees potential in the stock, which may balance out the impact of the lowered price target. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100