Piper Sandler Maintains Overweight on Marathon Oil, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Mark Lear has maintained an Overweight rating on Marathon Oil (NYSE:MRO) but has reduced the price target from $34 to $32.
January 24, 2024 | 2:49 pm
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Piper Sandler has maintained an Overweight rating on Marathon Oil but lowered the price target from $34 to $32, indicating a positive outlook but with a reduced growth expectation.
While the Overweight rating suggests that Piper Sandler still sees Marathon Oil as a good investment, the reduction in the price target could imply a more conservative view on the company's growth prospects or market conditions. This might lead to a neutral short-term impact on the stock as the positive rating is counterbalanced by the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100