Goldman Sachs Upgrades Marathon Oil to Neutral, Maintains $25 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Neil Mehta has upgraded Marathon Oil (NYSE:MRO) from Sell to Neutral, while maintaining a $25 price target.
July 12, 2023 | 12:28 pm
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Marathon Oil's stock rating has been upgraded from Sell to Neutral by Goldman Sachs, with a maintained price target of $25.
The upgrade from Sell to Neutral by Goldman Sachs indicates a more positive outlook for Marathon Oil. This could potentially lead to increased investor confidence and a short-term rise in the stock price. However, the maintained price target of $25 suggests that the stock is currently valued appropriately, which may limit significant price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100