Mizuho Maintains Neutral on Occidental Petroleum, Raises Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Neutral rating on Occidental Petroleum (OXY) and increased the price target from $70 to $71.

May 08, 2024 | 11:59 am
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Mizuho has maintained a Neutral rating on Occidental Petroleum but raised its price target from $70 to $71.
The increase in price target by Mizuho suggests a slight positive adjustment in the valuation of Occidental Petroleum, reflecting potentially higher investor confidence or a modestly improved outlook for the company. However, the maintenance of a Neutral rating indicates that the analyst sees the stock as fairly valued at current levels, with the price target increase not necessarily indicating a strong bullish sentiment but rather a minor adjustment based on recent data or market conditions.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90