Raymond James Maintains Strong Buy on Occidental Petroleum, Lowers Price Target to $75
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst John Freeman has maintained a 'Strong Buy' rating on Occidental Petroleum (NYSE:OXY), but lowered the price target from $80 to $75.
July 24, 2023 | 2:20 pm
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NEUTRAL IMPACT
Occidental Petroleum's price target has been lowered from $80 to $75 by Raymond James, though the 'Strong Buy' rating is maintained.
The news is directly about Occidental Petroleum. The lowering of the price target might indicate a slightly less optimistic outlook, but the maintenance of the 'Strong Buy' rating suggests that the analyst still sees significant potential in the stock. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100