Benchmark Maintains Buy Rating for Marathon Oil: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Benchmark has maintained its Buy rating for Marathon Oil (NYSE:MRO) but lowered its price target from $32.00 to $28.00. Marathon Oil's shares are currently trading down 3.74% at $24.19 per share. A move to $28.00 would represent a 15.75% increase from the current share price.
July 14, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Benchmark has maintained its Buy rating for Marathon Oil but lowered its price target. This could potentially lead to a short-term decrease in the stock price.
The lowering of the price target by Benchmark could lead to a decrease in investor confidence, potentially causing a short-term decrease in the stock price. However, the maintained Buy rating indicates that the company is still seen as a good investment in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100