Deutsche Bank hikes its price target on Murphy Oil (MUR +1%) to $62 from $56 after hedge fund...

|About: Murphy Oil Corporation (MUR)|By:, SA News Editor

Deutsche Bank hikes its price target on Murphy Oil (MUR +1%) to $62 from $56 after hedge fund Third Point revealed a stake in the company. "Third Point has challenged the management directly," DB analyst Paul Sankey writes. "The improved management focus can and has generated improved valuation."