Keybanc Maintains Overweight Rating for Murphy Oil: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Keybanc has maintained its Overweight rating for Murphy Oil (NYSE:MUR) and increased its price target from $47.00 to $53.00. This new target price represents an 18.44% increase from the current share price. Despite this, Murphy Oil's shares have traded down 0.09% over the last 24 hours.
August 23, 2023 | 5:01 pm
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Keybanc has maintained its Overweight rating for Murphy Oil and raised its price target, indicating a positive outlook for the company. However, the company's shares have traded down slightly in the last 24 hours.
The maintenance of the Overweight rating and the increase in price target by Keybanc indicates a positive outlook for Murphy Oil. This could potentially attract investors, driving up the stock price. However, the recent slight dip in share price suggests some market uncertainty.
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