Market Overview

UPDATE: Dahlman Rose Initiates Occidental Petroleum Corporation at Buy Following Share Underperformance

Share:
Related OXY
Top Research Reports for UnitedHealth, Netflix & Pepsi
Top Stock Reports for United Technologies, Abbott, Delta Air & Others

Dahlman Rose initiated coverage on Occidental Petroleum Corporation (NYSE: OXY) with a Buy rating and an $86 price target.

Dahlman Rose commented, "Following recent underperformance, we believe the risk/reward is attractive. As cost cutting initiatives add to the bottom line by mid-2013 along with improving output, we expect EPS to benefit in 2014, boosted further by the startup of the Al Hosn project. We see rising cash distributions."

Occidental Petroleum Corporation closed at $75.35 on Monday.

Latest Ratings for OXY

DateFirmActionFromTo
May 2017JP MorganUpgradesUnderweightNeutral
Mar 2017Bank of AmericaUpgradesNeutralBuy
Mar 2017Credit SuisseUpgradesNeutralOutperform

View More Analyst Ratings for OXY
View the Latest Analyst Ratings

Posted-In: Dahlman RoseAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (OXY)

View Comments and Join the Discussion!