🔎 Has there been an analyst upgrade on OXY recently?

**Occidental Petroleum (OXY) has experienced mixed analyst ratings and price target adjustments recently.** Here's a detailed analysis:

1. **Recent Analyst Ratings**:
- **StockNews.com Upgrade**: On December 9, 2024, StockNews.com upgraded Occidental Petroleum from a "sell" rating to a "hold" rating.
- **Other Ratings**: Despite the upgrade, other analysts have maintained varying ratings. For instance, Piper Sandler and UBS Group have set a "neutral" rating, while Piper Sandler also has a "neutral" rating. However, two analysts have rated the stock with a "sell" rating, and six have given a "buy" rating.
2. **Price Target Adjustments**:
- **Barclays**: Reduced the target price from $67.00 to $58.00.
- **Bank of America**: Assumed coverage with a "neutral" rating and a $57.00 target price.
- **UBS Group**: Lowered the price target from $58.00 to $51.00.
- **Piper Sandler**: Lowered the price objective from $57.00 to $51.00.
- **Citigroup**: Reduced the target price from $57.00 to $56.00.
- **Jefferies Financial Group**: Increased the price target from $53.00 to $54.00.
3. **MarketBeat Consensus**: As of the latest data, Occidental Petroleum has an average analyst rating of "Hold" with a consensus price target of approximately $62.10. This indicates that while there have been some positive adjustments, the overall sentiment remains cautious.
4. **Earnings Estimates**: Zacks Research has lowered its Q4 2024 EPS estimate for Occidental Petroleum to $0.63 from $0.91, reflecting a more conservative outlook on earnings.

In conclusion, while there have been some positive developments in terms of analyst ratings, the overall sentiment remains mixed, and the consensus remains at a "Hold" rating with a slightly above current price target. Investors should consider these factors along with the broader market conditions and the company's performance when evaluating Occidental Petroleum as an investment opportunity.