UBS Maintains Neutral on Murphy Oil, Lowers Price Target to $43
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 $45 to $43.
January 29, 2024 | 4:52 pm
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NEUTRAL IMPACT
UBS analyst Josh Silverstein maintains a Neutral stance on Murphy Oil but lowers the price target from $45 to $43, indicating a potential limited upside or downside.
The reduction in price target by UBS reflects a modest adjustment in the expected performance of Murphy Oil. As the rating remains Neutral, the impact on the stock price is likely to be minimal in the short term, as the market has likely already priced in the current outlook. The importance is significant as price targets by major analysts can influence investor sentiment, but since the rating did not change, the immediate impact may be limited.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100