Piper Sandler Maintains Overweight on Murphy Oil, Lowers Price Target to $51
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Mark Lear maintains an Overweight rating on Murphy Oil (NYSE:MUR) but lowers the price target from $59 to $51.
June 13, 2023 | 4:26 pm
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Piper Sandler analyst Mark Lear maintains an Overweight rating on Murphy Oil (NYSE:MUR) and lowers the price target from $59 to $51.
The news of Piper Sandler maintaining an Overweight rating on Murphy Oil indicates a positive outlook for the company. However, the lowering of the price target from $59 to $51 may create some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100