Mizuho Maintains Neutral on Marathon Oil, Raises Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Neutral rating on Marathon Oil (NYSE:MRO) and increased the price target from $31 to $33.
May 13, 2024 | 3:17 pm
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Mizuho analyst Nitin Kumar has maintained a Neutral rating on Marathon Oil but raised the price target from $31 to $33, indicating a positive outlook on the stock's value.
The increase in price target by Mizuho suggests an improved valuation outlook for Marathon Oil, which could lead to positive investor sentiment and a potential increase in the stock price in the short term. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, balancing the potential for growth with existing risks.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90