Truist Securities Maintains Buy on Occidental Petroleum, Lowers Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Neal Dingmann has maintained a Buy rating on Occidental Petroleum (NYSE:OXY) but has reduced the price target from $80 to $78.

December 12, 2023 | 2:52 pm
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Truist Securities reaffirms a Buy rating on Occidental Petroleum but lowers the price target to $78 from $80.
The reduction in price target by Truist Securities could have a mixed impact on Occidental Petroleum's stock price. While the Buy rating reaffirms confidence in the company's prospects, the lowered price target may suggest a more conservative outlook on the stock's valuation, which could lead to short-term price volatility.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100