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Analysts’ Opinions Are Mixed on These Utilities Stocks: Brookfield Infrastructure (BIP), Entergy (ETR) and Occidental Petroleum (OXY)

Analysts have been eager to weigh in on the Utilities sector with new ratings on Brookfield Infrastructure (BIPResearch Report), Entergy (ETRResearch Report) and Occidental Petroleum (OXYResearch Report).

Brookfield Infrastructure (BIP)

Wells Fargo analyst Jonathan Reeder maintained a Buy rating on Brookfield Infrastructure today and set a price target of $47.00. The company’s shares closed last Wednesday at $39.80.

According to TipRanks.com, Reeder is a 4-star analyst with an average return of 8.5% and a 69.2% success rate. Reeder covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, American States Water, and Essential Utilities.

Brookfield Infrastructure has an analyst consensus of Strong Buy, with a price target consensus of $47.43.

See today’s best-performing stocks on TipRanks >>

Entergy (ETR)

Wells Fargo analyst Neil Kalton maintained a Buy rating on Entergy today and set a price target of $138.00. The company’s shares closed last Wednesday at $117.38.

According to TipRanks.com, Kalton is a 5-star analyst with an average return of 8.4% and a 70.2% success rate. Kalton covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and Eversource Energy.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Entergy with a $126.08 average price target, representing a 9.6% upside. In a report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $130.00 price target.

Occidental Petroleum (OXY)

In a report released today, Roger Read from Wells Fargo maintained a Sell rating on Occidental Petroleum, with a price target of $59.00. The company’s shares closed last Wednesday at $60.99.

According to TipRanks.com, Read is a 5-star analyst with an average return of 11.3% and a 60.9% success rate. Read covers the Utilities sector, focusing on stocks such as HF Sinclair Corporation, Marathon Petroleum, and Delek US Holdings.

Occidental Petroleum has an analyst consensus of Moderate Buy, with a price target consensus of $75.50.

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