Truist Securities Maintains Buy on Murphy Oil, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Murphy Oil (NYSE:MUR) but lowered the price target from $59 to $55.
July 22, 2024 | 4:10 pm
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NEUTRAL IMPACT
Truist Securities has maintained a Buy rating on Murphy Oil but lowered the price target from $59 to $55. This indicates continued confidence in the stock, albeit with a slightly reduced upside potential.
The maintained Buy rating suggests that the analyst still sees value in Murphy Oil, but the lowered price target reflects a more conservative outlook on its potential gains. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100