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Occidental Petroleum stock rallies after Truist analyst upgrades, boosts price target to Street high

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Occidental Petroleum stock rallies after Truist analyst upgrades, boosts price target to Street high
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Shares of Occidental Petroleum Corp. rallied 2.3% in premarket trading Monday, putting them on track to snap a five-day losing streak, after Truist analyst Neal Dingmann became Wall Street's most bullish on the oil and natural gas exploration and production company, citing expectations that record free cash flow will continue. Dingmann raised his rating to buy from hold. He raised his price target to $50, which implies a 58% gain off Friday's closing price of $31.66, from $35. That is now the hi