Information Provided By:
Fly News Breaks for July 13, 2016
MUR
Jul 13, 2016 | 05:13 EDT
Barclays analyst Paul Cheng upgraded Murphy Oil to Overweight after raising his Americas Integrated Oil sector view to Positive. The global oil market is currently in the "midst of a continued upward trajectory" in which Brent could average $85 by Q4 of 2017 and $80-$90 between 2018 and 2021, Cheng tells investors in a research note. He believes the risks associated with Murphy Oil have been priced into the shares at current levels. The analyst upped his price target for the stock to $42 from $33.
News For MUR From the Last 2 Days
There are no results for your query MUR