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Scotiabank Adjusts Price Target on Occidental Petroleum to $57 From $46, Maintains Sector Perform Rating
Scotiabank has increased its price target for Occidental Petroleum (OXY) to $57 from $46, while maintaining a “Sector Perform” rating on the stock. This adjustment reflects a more optimistic outlook on the company’s valuation by the bank. Occidental Petroleum is a major oil and gas exploration and production company, with its primary operations in the United States.