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OXY-OCCIDENTAL PETROLEUM CORP
Occidental Petroleum Shares Drop Over 4% Following Goldman Sachs Downgrade to Sell
Saturday
01 February, 2025
Occidental Petroleum is navigating a turbulent market after Goldman Sachs downgraded its rating to sell, causing shares to drop over 4%. With macroeconomic pressures at play, could this be a moment for savvy investors to reassess their strategies?
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31
Key Takeaways
- Recent stock declines for Occidental Petroleum are influenced by a downgrade from Goldman Sachs, which has established a $45 price target.
- Broader market pressures, such as Federal Reserve comments and new tariffs, are exacerbating negative sentiment.
- The stock has experienced over a 4% drop, suggesting potential bearish momentum.
- Ongoing volatility in market reactions to economic news creates uncertainties for investors.
- Overall, investing in Occidental Petroleum appears risky amid these challenging conditions.
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