B of A Securities Reinstates Neutral on Occidental Petroleum, Announces $57 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has reinstated a Neutral rating on Occidental Petroleum (NYSE:OXY) with a price target of $57.
October 17, 2024 | 4:10 pm
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NEUTRAL IMPACT
B of A Securities has reinstated a Neutral rating on Occidental Petroleum with a price target of $57, indicating a balanced view on the stock's potential.
The Neutral rating suggests that the analyst does not foresee significant upside or downside in the short term. The $57 price target provides a benchmark for investors, indicating where the analyst believes the stock should be valued. This can stabilize investor expectations and trading activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100