Occidental Petroleum is trading at $57.67, up 4.25%, after Goldman Sachs upgraded it to Buy from Neutral.
- Goldman raised its price target to $69 from $63 and added the stock to its U.S. Conviction List.
- The firm highlighted a goal of $4 billion in incremental cash flow by 2030, debt-reduction potential and enhanced oil recovery opportunities.
- Geopolitical supply concerns also supported energy shares.