| 2018-01-04 08:01:40|
OXY 08:01 01/04 01/04/18
Occidental Petroleum downgraded to Neutral on valuation at BofA/Merrill
As previously reported, BofA/Merrill downgraded Occidental Petroleum to Neutral from Buy and increased its price target to $80 from $79. Analyst Doug Leggate said the strong recovery in shares appropriately values lower US corporate taxes in its domestic Chemicals and midstream business.