CNBC Pro

This energy stock can rally 80%, says Bank of America

Share

(This story is for CNBC PRO subscribers only.)

Occidental Petroleum is "the most compelling opportunity" in the broader energy sector for 2020, Bank of America said in a note to clients Thursday.

The firm believes shares are poised to rally more than 80% due to the company's faster-than-expected integration of Anadarko, which includes "upside risk in terms of both cost and revenue synergy."

More In Pro News and Analysis

CNBC ProThese companies reporting earnings next week usually beat expectations and see their stocks rise
CNBC ProYields are driving the market action. Here's what chart analysts are watching before making a move
CNBC ProTop investor and author Charles Ellis talks meme stocks, crypto and how anyone can beat the market