Stifel Maintains Buy on Marathon Oil, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield has maintained a Buy rating on Marathon Oil (NYSE:MRO) but has reduced the price target from $40 to $39.
November 20, 2023 | 3:02 pm
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Stifel analyst Derrick Whitfield maintains a Buy rating on Marathon Oil but lowers the price target from $40 to $39.
The reduction in price target by Stifel could have a mixed impact on Marathon Oil's stock price. While the Buy rating reaffirms a positive outlook, the lowered price target may signal a more conservative valuation, which could lead to short-term uncertainty among investors.
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