Diamonds and Dogs
Occidental Petroleum (OXY) upgrade. The oil stock is up 4% as Truist upgraded to a buy with a $50 price target as the potential of dividend reinstatement soon. With the price of oil down at a seven year high, the analyst believes the company can increase cash flow to provide for a dividend, pay down debt and maybe initiate a share buyback.
Downgrade for Walt Disney's stock (DIS). The stock is down 3% as Barclays downgraded the stock with a $175 price target calling for bold changes from the media giant to reverse slowing growth at its Disney+ streaming service. There have also been rumors Disney is contemplating spinning off ESPN completely as viewership is just 15 million verse 216 million subscribers for Disney+.
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