Occidental Petroleum (NYSE:OXY) Price Target Raised to $63.00 at Truist Financial

Truist Financial has increased its price target for Occidental Petroleum (NYSE:OXY) to $63.00 from $57.00, while maintaining a "hold" rating, suggesting a 7.37% upside. The consensus among analysts remains a "Hold" with an average target of $64.87. This news comes as Occidental Petroleum reported stronger-than-expected quarterly earnings of $2.40 per share and a 53.4% year-over-year revenue increase to $8.06 billion.