Barclays Maintains Equal-Weight on Murphy Oil, Lowers Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Betty Jiang maintains an Equal-Weight rating on Murphy Oil (NYSE:MUR) but lowers the price target from $54 to $46.
August 12, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Barclays analyst Betty Jiang maintains an Equal-Weight rating on Murphy Oil but lowers the price target from $54 to $46.
The lowered price target from $54 to $46 by Barclays suggests a less optimistic outlook for Murphy Oil's stock performance. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100