Benchmark Maintains Buy on Marathon Oil, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Subash Chandra has maintained a Buy rating on Marathon Oil (NYSE:MRO) but has reduced the price target from $28 to $25.

January 12, 2024 | 5:06 pm
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Benchmark analyst Subash Chandra maintains a Buy rating on Marathon Oil but lowers the price target from $28 to $25.
The reduction in price target may suggest a more conservative outlook on Marathon Oil's future performance, potentially due to market conditions or company-specific factors. However, maintaining a Buy rating indicates the analyst still sees positive potential in the stock. The mixed message could lead to a neutral short-term impact on the stock price as investors digest both the continued endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100