Wells Fargo Maintains Equal-Weight on Murphy Oil, Lowers Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Equal-Weight rating on Murphy Oil (NYSE:MUR) but has lowered the price target from $47 to $41.
August 23, 2024 | 2:15 pm
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Wells Fargo has maintained its Equal-Weight rating on Murphy Oil but reduced the price target from $47 to $41, indicating a less optimistic outlook.
The reduction in the price target by Wells Fargo suggests a less optimistic view on Murphy Oil's future performance, which could lead to a negative short-term impact on its stock price.
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