Evercore ISI Adjusts Price Target on Occidental Petroleum to $63 From $67, Maintains Underperform Rating
Weak demand + OPEC supply risks, the analyst has continuously lowered oil price forecasts for five consecutive months.
The analyst has reduced the forecast for oil prices in 2024 for the fifth consecutive month.
Truist Financial Maintains Occidental Petroleum(OXY.US) With Hold Rating, Cuts Target Price to $56
Like Occidental Petroleum? You Should Check Out This Oil Stock.
Express News | Occidental Petroleum Corp : Truist Securities Cuts Target Price to $56 From $65
Careful of soaring oil prices? Goldman Sachs warns: the oil market is completely unprepared for escalation in the Middle East conflict.
Goldman Sachs analyst Lindsay Matcham stated that further escalation of the conflict may have a significant impact on the market, especially if the conflict involves the potential closure of the Strait of Hormuz, which could likely lead to a surge in local oil prices; Goldman Sachs analyst Lina Thomas, in another report, highlighted four short-term positive drivers in the crude oil market - mentioning the Middle East trend.
