JP Morgan Maintains Neutral on Marathon Oil, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Arun Jayaram maintains a Neutral rating on Marathon Oil (NYSE:MRO) and lowers the price target from $33 to $30.
September 12, 2024 | 4:20 pm
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JP Morgan has maintained its Neutral rating on Marathon Oil but has lowered the price target from $33 to $30, indicating a less optimistic outlook.
The lowering of the price target from $33 to $30 by JP Morgan suggests a less optimistic view on Marathon Oil's future performance, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100