BofA raised the agency’s worth goal on Occidental Petroleum (OXY) to $44 from $42 and retains a Impartial score on the shares. The agency, which refreshed its refiners estimates and notes it’s under consensus for 2025 and 2026 EBITDA, factors out that its worth aims for the “Majors” Chevron, ExxonMobil, and Occidental are “little modified,” however provides that it revised up its targets for refiners, as they not embed a worse case recessionary atmosphere.
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