Morgan Stanley Maintains Equal-Weight on Murphy Oil, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Equal-Weight rating on Murphy Oil but lowered its price target from $43 to $39.
September 16, 2024 | 4:08 pm
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Morgan Stanley has maintained an Equal-Weight rating on Murphy Oil but lowered its price target from $43 to $39, indicating a more cautious outlook.
The lowering of the price target by Morgan Stanley suggests a more cautious outlook 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