Keybanc Maintains Overweight on Murphy Oil, Raises Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Tim Rezvan maintains an Overweight rating on Murphy Oil (NYSE:MUR) and raises the price target from $50 to $54.
April 22, 2024 | 12:22 pm
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Keybanc analyst Tim Rezvan maintains an Overweight rating on Murphy Oil and raises the price target from $50 to $54.
The upgrade in the price target by Keybanc reflects a positive outlook on Murphy Oil's stock, likely due to anticipated performance improvements or favorable market conditions. This analyst endorsement can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100