UBS Maintains Neutral on Murphy Oil, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Josh Silverstein has maintained a Neutral rating on Murphy Oil (NYSE:MUR) but has reduced the price target from $50 to $45.
December 14, 2023 | 4:44 pm
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UBS analyst Josh Silverstein maintains a Neutral stance on Murphy Oil but lowers the price target from $50 to $45, indicating a potential downside or limited upside.
The reduction in price target by UBS suggests that the analyst sees less growth potential or higher risk in Murphy Oil's stock, which could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100