Raymond James Maintains Strong Buy on Marathon Oil, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst John Freeman has maintained a Strong Buy rating on Marathon Oil (NYSE:MRO) but has reduced the price target from $35 to $32.
January 24, 2024 | 8:10 pm
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NEUTRAL IMPACT
Marathon Oil's Strong Buy rating is maintained by Raymond James, but the price target is lowered from $35 to $32.
The maintenance of a Strong Buy rating suggests continued analyst confidence in Marathon Oil's fundamentals and future prospects. However, the reduction in the price target could reflect a revised valuation model or changes in market conditions, potentially leading to a neutral short-term impact on the stock price as the market digests the mixed signals of continued endorsement but lower expected price level.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100