Morgan Stanley Upgrades Occidental Petroleum to Overweight, Announces $68 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott upgraded Occidental Petroleum (NYSE:OXY) from Equal-Weight to Overweight and set a price target of $68.
December 11, 2023 | 12:53 pm
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Occidental Petroleum was upgraded by Morgan Stanley from Equal-Weight to Overweight with a new price target of $68.
Analyst upgrades typically lead to positive short-term price movement as they suggest a bullish outlook on the stock. The new price target of $68 by Morgan Stanley indicates a potential upside from the current trading price, which can attract investors and drive up the stock price in the short term.
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