Piper Sandler Maintains Overweight on Murphy Oil, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Mark Lear maintains an Overweight rating on Murphy Oil (NYSE:MUR) but lowers the price target from $55 to $54.
July 18, 2024 | 11:35 am
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Piper Sandler's analyst Mark Lear maintains an Overweight rating on Murphy Oil but lowers the price target from $55 to $54.
The Overweight rating suggests a positive outlook, but the slight reduction in the price target indicates a minor adjustment in expectations. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100