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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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