Major Bank Ratings | KeyBanc: Upgrades Murphy Oil to "Overweight," May Benefit from High Oil Prices Driving Increased Cash Flow
Gelonghui, June 5 — KeyBanc has upgraded Murphy Oil’s rating to “Overweight” with a target price of $48. In the absence of any end to conflict in the Middle East, the company is expected to benefit from improved cash flow driven by rising crude oil prices.
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