Occidental Petroleum price target raised to $44 from $42 at BofA

BofA raised the firm’s price target on Occidental Petroleum (OXY) to $44 from $42 and keeps a Neutral rating on the shares. The firm, which refreshed its refiners estimates and notes it is below consensus for 2025 and 2026 EBITDA, points out that its price objectives for the “Majors” Chevron, ExxonMobil, and Occidental are “little changed,” but adds that it revised up its targets for refiners, as they no longer embed a worse case recessionary environment.

Confident Investing Starts Here:

• Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions

• Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on OXY:

Disclaimer & DisclosureReport an Issue

• Occidental Petroleum price target raised to $44 from $42 at Citi

• CVX, OXY, XOM: China Is Top Buyer of Canadian Crude Oil Via the Trans Mountain Pipeline

• Occidental Petroleum put volume heavy and directionally bearish

• Occidental Petroleum, ADNOC’s XRG agree to evaluate joint venture

• White House reports $200B in deals between U.S. and UAE firms, Bloomberg says