Scotiabank Upgrades Occidental Petroleum to Sector Outperform, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng upgraded Occidental Petroleum (NYSE:OXY) from Sector Perform to Sector Outperform and increased the price target from $63 to $90.
April 11, 2024 | 3:16 pm
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POSITIVE IMPACT
Occidental Petroleum's stock rating was upgraded by Scotiabank from Sector Perform to Sector Outperform, with the price target raised from $63 to $90.
The upgrade by Scotiabank to a higher rating and a significant increase in the price target suggests a strong bullish outlook for Occidental Petroleum. This is likely to positively influence investor sentiment and could lead to an increase in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100