Piper Sandler analyst Mark Lear raised the firm’s price target on Murphy Oil (MUR) to $33 from $32 and keeps a Neutral rating on the shares. The firm says the rotation trade got a shot in the arm this week as war with Iran put 20% of global oil, product and gas supply at risk. While war has overshadowed Q4 results and FY26 outlooks, Piper anticipates little change from U.S. operators in the wake of the conflict.
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