Occidental Petroleum (OXY +1.2%) is initiated with a Buy rating and $86 price target at Dahlman...

|About: Occidental Petroleum Corpor... (OXY)|By:, SA News Editor

Occidental Petroleum (OXY +1.2%) is initiated with a Buy rating and $86 price target at Dahlman Rose on valuation. The firm expects EPS to benefit in 2014 as cost cutting initiatives add to the bottom line by mid-2013 along with improving output, and boosted further by the startup of the Al Hosn project; it also sees rising cash distributions.