Mizuho Maintains Neutral on Occidental Petroleum, Raises Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Neutral rating on Occidental Petroleum (OXY) and increased the price target from $71 to $76.

May 13, 2024 | 3:00 pm
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Mizuho analyst Nitin Kumar maintained a Neutral rating on Occidental Petroleum but raised the price target from $71 to $76, indicating a positive outlook on the stock's value.
The increase in price target by Mizuho suggests a positive adjustment in the valuation of Occidental Petroleum, reflecting an optimistic view on the company's future performance. While the Neutral rating indicates that the stock might not outperform the market significantly, the raised price target could lead to increased investor interest and potentially a short-term uplift in the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90