Morgan Stanley Maintains Overweight on Occidental Petroleum, Raises Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott maintains an Overweight rating on Occidental Petroleum (OXY) and raises the price target from $66 to $72.
March 28, 2024 | 6:45 pm
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POSITIVE IMPACT
Morgan Stanley maintains an Overweight rating on Occidental Petroleum and raises the price target from $66 to $72.
The upgrade in price target by a reputable analyst like Devin McDermott from Morgan Stanley is a strong positive signal for Occidental Petroleum. It suggests a bullish outlook on the stock's future performance, potentially leading to increased investor confidence and a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100