Barclays Maintains Equal-Weight on Murphy Oil, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Betty Jiang maintains an Equal-Weight rating on Murphy Oil (NYSE:MUR) but lowers the price target from $46 to $38.

October 03, 2024 | 3:37 pm
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Barclays analyst Betty Jiang maintains an Equal-Weight rating on Murphy Oil but lowers the price target from $46 to $38, indicating a less optimistic outlook.
The reduction in the price target from $46 to $38 by Barclays suggests a less optimistic view on Murphy Oil's future performance, which could lead to a negative short-term impact on the stock price.
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