JP Morgan Downgrades Marathon Oil to Neutral, Announces $33 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Arun Jayaram has downgraded Marathon Oil (NYSE:MRO) from Overweight to Neutral and set a price target of $33.
July 17, 2024 | 1:05 pm
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JP Morgan analyst Arun Jayaram downgraded Marathon Oil from Overweight to Neutral and set a price target of $33.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and could lead to a short-term decline in Marathon Oil's stock price.
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