UBS Maintains Neutral on Murphy Oil, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Josh Silverstein maintains a Neutral rating on Murphy Oil (NYSE:MUR) and lowers the price target from $45 to $39.
September 18, 2024 | 2:37 pm
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UBS analyst Josh Silverstein has maintained a Neutral rating on Murphy Oil and reduced the price target from $45 to $39, indicating a less optimistic outlook.
The reduction in the price target from $45 to $39 by UBS suggests a less optimistic view on Murphy Oil's future performance, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100