Mizuho Maintains Neutral on Marathon Oil, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains a Neutral rating on Marathon Oil (NYSE:MRO) and raises the price target from $28 to $30.
August 16, 2023 | 11:08 am
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Mizuho maintains a Neutral rating on Marathon Oil and raises the price target from $28 to $30. This could potentially indicate a positive outlook for the company's stock.
The raised price target by Mizuho indicates a positive outlook for Marathon Oil's stock. However, the Neutral rating suggests that the stock is expected to perform in line with the market or sector average. Therefore, while the news is positive, it does not necessarily suggest a strong buy recommendation.
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