BMO Capital Maintains Market Perform on Murphy Oil, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
BMO Capital has maintained a Market Perform rating on Murphy Oil but has lowered its price target from $42 to $40.
October 04, 2024 | 5:43 pm
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BMO Capital has maintained its Market Perform rating on Murphy Oil but reduced the price target from $42 to $40, indicating a slightly less optimistic outlook.
The lowering of the price target by BMO Capital 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.
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