Stop buying Exxon Mobil, Occidental Petroleum stocks as oil prices should stagnate, analyst says

With oil and gas prices expected to be weighed down by fears of weakening demand as global economies slow, Mizuho analyst Nitin Kumar has downgraded the shares of a number of energy companies on Wednesday.Included in the ratings changes, Kumar cut his ratings on the stocks of Exxon Mobil Corp. XOM, +2.38% and Occidental Petroleum Corp. OXY, +0.57% to neutral from buy. He lowered is stock price targets for Exxon Mobil to $117 from$133 and for Occidental to $63 from$72.“Although OPEC+ continues to be suppor ...