In a note released early Monday morning, Morgan Stanley published a note in which the firm upgraded shares of Occidental Petroleum OXY while downgrading shares of Chevron CVX.
The rating changes have opened up the opportunity for traders to take advantage of a pair trade, as the stocks have moved in opposite directions since the release of the note. At last check, shares of Occidental Petroleum has risen 1.5 percent, while shares of Chevron have fallen 1.07 percent.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in