Occidental Petroleum pops as Evercore ISI double-upgrades on improving financials

businessinsider

Jul 8, 2026 at 01:45 PM

Occidental Petroleum (OXY) shares rose 3.9% after Evercore ISI upgraded the stock to Outperform from Underperform, raising its price target to $65 from $58. The upgrade cites improving financials, including a de-levered balance sheet and enhanced capital efficiency, which reshape free cash flow and support future shareholder returns.

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