JP Morgan Initiates Occidental Petroleum With Overweight

Analysts at JP Morgan initiated coverage on

with a Overweight rating. The target price for Occidental Petroleum is set to $85. Occidental Petroleum shares have dropped 19.82 percent over the past 52 weeks, while the S&P 500 index has surged 10.60 percent in the same period. Occidental Petroleum shares rose 0.13 percent to close at $76.82 yesterday.