Truist Keeps Hold on Southern, State Street and Occidental, Adjusts Targets
Truist Securities kept Hold ratings on Southern Co, State Street and Occidental Petroleum, lowering two price targets and raising Occidental's target to $64.
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what happened
Truist Securities kept its Hold rating on three companies at once: Southern Co, State Street and Occidental Petroleum. Analysts lowered the target price for Southern Co shares to $93 from $97. For State Street, the target was cut to $171 from $190.
Occidental Petroleum moved the other way, with its target raised to $64 from $63. All three decisions were recorded on October 15, 2026, at 22:50 and 22:52 GMT.
why it matters
Lower targets for a utility and a bank, alongside a higher target for an oil producer, suggest analysts are weighing individual sectors differently. A Hold rating signals a neutral stance from Truist, so these moves rarely shift share prices on their own, but investors often factor them into portfolio reviews and sector comparisons.
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prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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