Shares of Occidental Petroleum Corp. OXY climbed 2.3% in premarket trading Tuesday, after the oil and gas exploration and production company was upgraded at TD Cowen, citing a “superior” risk-reward balance. Analyst David Deckelbaum lifted his rating to outperform from market perform and boosted his stock price target to $70 from $63.
He listed a number of reasons for his bullishness, such as “superior” exposure to crude oil pricing, capital structure shifts, a favorable free cash flow yield, well productivity and “captive buying support” from Warren Buffett’s Berkshire Hathaway Inc. BRK.B BRK.A , which has been steadily increasing its stake in the company since early 2022 to be Occidental’s largest shareholder.
dede yine parayı kırdı
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen: