BMO Capital Maintains Market Perform on Occidental Petroleum, Lowers Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
BMO Capital has maintained its Market Perform rating on Occidental Petroleum (NYSE:OXY) but has lowered the price target from $70 to $65.
October 04, 2024 | 5:23 pm
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BMO Capital has maintained its Market Perform rating on Occidental Petroleum but has lowered the price target from $70 to $65, indicating a more cautious outlook.
The lowering of the price target from $70 to $65 by BMO Capital suggests a less optimistic view on Occidental Petroleum's future performance, which could lead to a short-term negative impact on the stock price. The Market Perform rating indicates a neutral stance, but the reduced price target reflects potential concerns or adjustments in valuation.
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