UBS Maintains Neutral on Murphy Oil, Raises Price Target to $50
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Josh Silverstein maintains a Neutral rating on Murphy Oil (NYSE:MUR) and raises the price target from $38 to $50.
August 17, 2023 | 12:49 pm
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NEUTRAL IMPACT
UBS analyst maintains a Neutral rating on Murphy Oil and raises the price target from $38 to $50.
The news is directly about Murphy Oil. UBS analyst's decision to maintain a Neutral rating indicates that the company's stock is expected to perform in line with the market or sector average. However, the increase in price target from $38 to $50 suggests a positive outlook for the company's stock in the future. This could potentially attract investors, but the neutral rating tempers the impact, hence the score is 0.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100