JP Morgan Downgrades Murphy Oil to Neutral, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Arun Jayaram has downgraded Murphy Oil (NYSE:MUR) from Overweight to Neutral and lowered the price target from $50 to $47.
August 15, 2024 | 10:57 am
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JP Morgan analyst Arun Jayaram downgraded Murphy Oil from Overweight to Neutral and reduced the price target from $50 to $47.
The downgrade from Overweight to Neutral and the reduction in the price target from $50 to $47 by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and the short-term stock price of Murphy Oil.
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