Truist Securities Maintains Buy on Murphy Oil, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Murphy Oil but lowered the price target from $55 to $42.
September 30, 2024 | 2:56 pm
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NEUTRAL IMPACT
Truist Securities has maintained a Buy rating on Murphy Oil but lowered the price target from $55 to $42, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Murphy Oil's prospects, but the lowered price target reflects a more cautious outlook, possibly due to market conditions or company performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100