Scotiabank Maintains Sector Outperform on Marathon Oil, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng maintains a Sector Outperform rating on Marathon Oil (MRO) and raises the price target from $35 to $45.
April 11, 2024 | 4:06 pm
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POSITIVE IMPACT
Scotiabank raises Marathon Oil's price target from $35 to $45, maintaining a Sector Outperform rating.
The increase in price target by a reputable analyst like Paul Cheng signals a strong confidence in Marathon Oil's future performance. This is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100