Citigroup Maintains Buy on Marathon Oil, Raises Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Buy rating on Marathon Oil (NYSE:MRO) and raises the price target from $29 to $31.
September 20, 2023 | 12:01 pm
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POSITIVE IMPACT
Citigroup maintains a Buy rating on Marathon Oil and raises the price target from $29 to $31, which could potentially increase investor confidence and drive the stock price up in the short term.
The raised price target by Citigroup indicates a positive outlook for Marathon Oil. This could potentially increase investor confidence and drive the stock price up in the short term. However, the actual impact will depend on overall market conditions and investor sentiment towards the energy sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100