Mizuho Maintains Buy on Murphy Oil, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains a Buy rating on Murphy Oil (NYSE:MUR) and lowers the price target from $50 to $48.

May 19, 2023 | 10:53 am
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Mizuho analyst Nitin Kumar maintains a Buy rating on Murphy Oil (NYSE:MUR) and lowers the price target from $50 to $48.
Mizuho's lowered price target on Murphy Oil may have a neutral short-term impact on the stock price. While the Buy rating is maintained, indicating a positive outlook, the reduced price target may cause some investors to reevaluate their positions. However, the overall sentiment remains positive, which may balance out any potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100