MSFT 414.2162 -0.3066% AAPL 228.5 -0.2183% NVDA 146.7395 0.5823% GOOGL 167.89 -4.5971% GOOG 169.5501 -4.3872% AMZN 198.38 -2.2181% META 563.1866 -0.4126% AVGO 164.04 0.4839% TSLA 340.34 -0.4941% TSM 190.62 1.1998% LLY 748.98 -0.588% V 309.9 0.8166% JPM 244.85 1.6903% UNH 597.49 -0.5012% NVO 102.79 -2.3558% WMT 88.39 1.3879% LVMUY 120.53 -0.9044% XOM 122.0297 1.421% LVMHF 603.0 -1.1492% MA 514.67 0.4156%
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Marathon Oil receives broker upgrades as inflation cools down
Image Source: Pexels
The US Bureau of Labor Statistics released the Consumer Price Index data for June 2023, which indicated that inflation is easing. CPI rose 3% over the last year, which was the smallest increase in inflation since March 2021.
A slowdown in inflation has resulted in buying in energy stocks, with the S&P 500 energy subindex rising by 1.1% on July 12, 2023. Like other energy sector players, Marathon Oil (NYSE: MRO) stock also saw price increase of 1.89% on July 12, 2023.
The stock has a mean recommendation rating of 2.2 on a scale of one to five. Here, one represents a ‘strong buy’ rating and five represents a ‘strong sell’ rating. Meanwhile, the stock has a consensus mean price target of US$32.23, an upside potential of 30% over Wednesday’s closing price.
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