Raymond James raised the firm’s price target on Occidental Petroleum (OXY) to $78 from $77 and keeps a Strong Buy rating on the shares. Occidental posted a solid quarter, with EPS beating Street estimates by 33%, the analyst tells investors in a research note. The price target increase reflects lower cost assumptions, the firm says.
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Read More on OXY:
- Occidental Petroleum price target lowered to $58 from $59 at UBS
- Occidental Petroleum price target lowered to $65 from $77 at Susquehanna
- Occidental Petroleum Reports Strong Q3 2024 Financial Results
- Occidental expects Permian production growth for next 3-5 years
- Occidental says evaluating multiple 2035 activities
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
