RBC Capital Maintains Outperform on Marathon Oil, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Scott Hanold has maintained an 'Outperform' rating on Marathon Oil (NYSE:MRO) but lowered the price target from $35 to $33.
July 13, 2023 | 2:57 pm
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NEUTRAL IMPACT
Marathon Oil's price target has been lowered from $35 to $33 by RBC Capital, though the 'Outperform' rating is maintained.
The news of a lowered price target could potentially have a negative impact on the stock's price in the short term. However, the maintained 'Outperform' rating indicates that the analyst still sees potential for the stock to perform well, which could offset any negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100