JP Morgan Maintains Neutral on Occidental Petroleum, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Royall has maintained a Neutral rating on Occidental Petroleum (NYSE:OXY) but has lowered the price target from $78 to $73.
December 08, 2023 | 4:40 pm
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NEGATIVE IMPACT
JP Morgan analyst John Royall maintains a Neutral rating on Occidental Petroleum and reduces the price target from $78 to $73.
The reduction in price target by JP Morgan could lead to a negative perception among investors, potentially causing a short-term dip in Occidental Petroleum's stock price. The Neutral rating suggests no significant change in the company's outlook, but the lowered price target indicates a less optimistic view on the stock's valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100