Barclays analyst Betty Jiang lowered the firm’s price target on Murphy Oil (MUR) to $22 from $24 and keeps an Underweight rating on the shares. The company reported a Q1 volume miss and now points to low end of the fiscal year range, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MUR: