Occidental Petroleum price target lowered to $44 from $52 at UBS

UBS lowered the firm’s price target on Occidental Petroleum (OXY) to $44 from $52 and keeps a Neutral rating on the shares. The firm sees Energy viewed as a recession downside play, the analyst tells investors in a research note. UBS lowered its price target reflecting increased uncertainty around economic activity and commodity prices.

Stay Ahead of the Market:

Discover outperforming stocks and invest smarter with Top Smart Score Stocks.

Filter, analyze, and streamline your search for investment opportunities using Tipranks’ Stock Screener.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Occidental Petroleum price target lowered to $44 from $52 at UBS

Tags: