Mizuho Maintains Neutral on Occidental Petroleum, Raises Price Target to $69
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Neutral rating on Occidental Petroleum (OXY) and increased the price target from $63 to $69.
March 22, 2024 | 2:31 pm
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Mizuho has maintained a Neutral rating on Occidental Petroleum but raised the price target from $63 to $69.
The increase in price target by Mizuho suggests a positive outlook on the stock's value, potentially leading to short-term investor optimism and a positive impact on the stock price. However, the Neutral rating indicates that the analyst does not see significant upside or downside from the current level, tempering the potential impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90