Standpoint Research Starts Occidental Petroleum (OXY) at Buy

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Go back to Standpoint Research Starts Occidental Petroleum (OXY) at Buy

Dahlman Rose Starts Occidental Petroleum (OXY) at Buy on Underperformance and Strong Cash Distribution

December 11, 2012 6:49 AM EST

Dahlman Rose initiates coverage on Occidental Petroleum (NYSE: OXY) with a Buy. PT $86.00.

The firm comments, "OXY shares have underperformed the sector by roughly 20% over the past 12 months, reflecting disappointing operating/financial results versus high expectations, among other factors. We believe sentiments are... More