Wells Fargo Maintains Equal-Weight on Occidental Petroleum, Lowers Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Equal-Weight rating on Occidental Petroleum (NYSE:OXY) but lowers the price target from $65 to $56.
September 27, 2024 | 3:47 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Wells Fargo analyst Roger Read maintains an Equal-Weight rating on Occidental Petroleum but lowers the price target from $65 to $56, indicating a more cautious outlook.
The lowering of the price target by Wells Fargo suggests a less optimistic view on Occidental Petroleum's future performance, which could lead to a negative short-term impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target highlights potential concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100