JP Morgan Maintains Neutral on Murphy Oil, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Arun Jayaram maintains a Neutral rating on Murphy Oil (NYSE:MUR) and lowers the price target from $47 to $39.
September 12, 2024 | 4:23 pm
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NEGATIVE IMPACT
JP Morgan has maintained a Neutral rating on Murphy Oil and reduced the price target from $47 to $39, indicating a less optimistic outlook.
The reduction in price target from $47 to $39 by JP Morgan suggests a less favorable view on Murphy Oil's future performance, which could lead to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100