Goldman Sachs Maintains Neutral on Murphy Oil, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Neil Mehta has maintained a Neutral rating on Murphy Oil (NYSE:MUR) while lowering the price target from $44 to $39.
October 07, 2024 | 2:11 pm
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Goldman Sachs has maintained a Neutral rating on Murphy Oil but lowered the price target from $44 to $39, indicating a less optimistic outlook.
The lowering of the price target by Goldman Sachs suggests a less optimistic view on Murphy Oil's future performance, which could negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 80
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