Keybanc Maintains Overweight on Murphy Oil, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Tim Rezvan has maintained an Overweight rating on Murphy Oil (NYSE:MUR) but has reduced the price target from $53 to $50.

January 11, 2024 | 4:07 pm
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Keybanc analyst Tim Rezvan maintains an Overweight rating on Murphy Oil but lowers the price target from $53 to $50.
While the reduction in price target could suggest a slightly less bullish outlook, the maintenance of an Overweight rating indicates that Keybanc still sees positive performance potential in Murphy Oil. The impact on the stock price is likely to be neutral in the short term as the reduction in target price is modest and the overall recommendation remains positive.
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IMPORTANCE 75
RELEVANCE 100