2020-06-09 06:20:43 OXY Occidental Petroleum
Chevron
06/09/20 06/0906:20 06/09/2006:20 | BofA moves 'up the risk curve' in oil, upgrades Occidental, downgrades ChevronAs previously reported, BofA analyst Doug Leggate upgraded Occidental Petroleum (OXY) to Buy from Neutral and downgraded both Chevron (CVX) and Concho Resources (CXO) to Neutral from Buy as he shuffles his ratings in the sector, noting that strong share performance "has left limited upside for some while for others, the risk profile is reset." The recent recovery in oil above his base case shuffles how we views relative risk and value across the sector, Leggate added. Occidental Petroleum
Chevron
Bought by COP
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