Wells Fargo Maintains Equal-Weight on Murphy Oil, Lowers Price Target to $39
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 $41 to $39.
September 27, 2024 | 3:44 pm
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Wells Fargo has maintained an Equal-Weight rating on Murphy Oil but reduced the price target from $41 to $39, indicating a slightly less optimistic outlook.
The lowering of the price target by Wells Fargo suggests a slightly less optimistic view on Murphy Oil's future performance, which could lead to a short-term negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the reduced price target may influence investor sentiment negatively.
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