Stifel Maintains Buy on Marathon Oil, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield maintains a Buy rating on Marathon Oil (MRO) but lowers the price target from $39 to $36.

March 22, 2024 | 1:46 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on Marathon Oil but lowers the price target from $39 to $36.
While the reduction in price target could suggest a tempered outlook on Marathon Oil's stock price potential, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to a neutral short-term impact on MRO's stock price as investors weigh the lowered price target against the analyst's ongoing endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100