Truist Securities Maintains Buy on Marathon Oil, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Neal Dingmann maintains a Buy rating on Marathon Oil (MRO) but lowers the price target from $36 to $35.
May 06, 2024 | 12:41 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Marathon Oil but lowers the price target from $36 to $35.
The adjustment in price target by Truist Securities reflects a slight change in valuation expectation for Marathon Oil, though the Buy rating indicates continued confidence in the company's performance. The reduction in price target might have a neutral to slightly negative short-term impact on the stock as it adjusts to the new analyst expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100