Wells Fargo Maintains Equal-Weight on Occidental Petroleum, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Equal-Weight rating on Occidental Petroleum (OXY) and increased the price target from $62 to $70.

April 11, 2024 | 2:02 pm
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Wells Fargo has maintained its Equal-Weight rating on Occidental Petroleum and raised its price target from $62 to $70.
The increase in price target by Wells Fargo suggests a positive outlook on Occidental Petroleum's stock, potentially leading to increased investor confidence and a short-term rise in stock price. The Equal-Weight rating indicates that the stock is expected to perform in line with the market or sector, but the raised target price signals an optimistic valuation adjustment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100