Occidental Petroleum restructuring plan could lift shares, says Oppenheimer Oppenheimer believes that Occidental's restructuring initiative could lift its share price above the firm's $115 price target. The firm keeps an Outperform rating on the stock.
Occidental Petroleum a compelling opportunity, says Sterne Agee Sterne Agee notes that Occidental is buying back its own shares and has just raised over $8.5B. The firm thinks the company is likely to raise its dividend further and could accelerate its share repurchases in the near-term. Sterne keeps a $94 price target and Buy rating on the shares.