Raymond James Maintains Strong Buy on Marathon Oil, Lowers Price Target to $40
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst John Freeman has maintained a 'Strong Buy' rating on Marathon Oil (NYSE:MRO), but lowered the price target from $48 to $40.

July 24, 2023 | 2:18 pm
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Marathon Oil's price target has been lowered from $48 to $40 by Raymond James, though the 'Strong Buy' rating is maintained.
The lowering of the price target could potentially create a negative sentiment among investors, but the maintained 'Strong Buy' rating indicates that the analyst still sees significant upside potential. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100