Morgan Stanley Maintains Equal-Weight on Murphy Oil, Raises Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has maintained an Equal-Weight rating on Murphy Oil (NYSE:MUR) and raised the price target from $43 to $46.
August 18, 2023 | 1:45 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Murphy Oil and raised the price target from $43 to $46.
The raised price target by Morgan Stanley indicates a positive outlook for Murphy Oil. This could potentially lead to an increase in the stock price in the short term as it signals the analyst's increased confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100