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Fly News Breaks for December 17, 2015
OXY
Dec 17, 2015 | 09:24 EDT
Iberia analyst Eric Fox downgraded Occidental Petroleum to Sector Perform and roved the stock from the ICP Conviction List. Fox downgraded shares due to relative valuation, a slight weakening in the balance sheet, a likely slowdown in dividend growth, and a slowdown in buybacks, among other reasons. The analyst has an $80 price target on Occidental shares.
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