Morgan Stanley Maintains Equal-Weight on Occidental Petroleum, Raises Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has maintained an Equal-Weight rating on Occidental Petroleum (NYSE:OXY) and increased the price target from $62 to $68.
November 29, 2023 | 3:44 pm
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POSITIVE IMPACT
Morgan Stanley raised the price target for Occidental Petroleum (OXY) from $62 to $68 while maintaining an Equal-Weight rating.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive outlook on OXY's value, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100