Occidental Petroleum upgraded to Buy from Neutral at Citigroup Citigroup upgraded Occidental Petroleum to Buy citing the company's increasing upstream returns and large share buyback program. Citi raised its price target for shares to $111 from $103.
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.