Stephens lowered the firm’s price target on Occidental Petroleum to $77 from $78 and keeps an Overweight rating on the shares. The firm is lowering its Q2 cash flow per share and EBITDA estimates 4% and 3%, respectively, to 8% and 13% below Street consensus, respectively, primarily due to pre-released realized oil, NGL, and gas prices, the analyst tells investors.
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