New trade pact leaves most U.S. industry at mercy of Mexico's courts [Reuters]
Murphy Oil Corporation (MUR)
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Source: Reuters
New trade pact leaves most U.S. industry at mercy of Mexico's courts | Reuters 5 Min Read NEW YORK/MEXICO CITY(Reuters) - The new North American trade agreement ends key legal protections for many U.S. businesses operating in Mexico, leaving their operations exposed to a risk they had avoided under the old trade deal: Mexico’s court system. For thousands of U.S. firms, the change could add complications and uncertainty to doing business south of the border. Mexico is the third-largest U.S. trading partner. The previous trade agreement, NAFTA, included provisions that gave U.S. firms operating in Mexico and Canada the option to challenge government decisions at an international tribunal. A change in Mexican or Canadian regulations, for example, that had a material impact on a U.S. firm’s operations, could be challenged through an international panel instead of local courts. The removal of the investment protection means firms would now be at the mercy of Mexico’s courts, which are noto
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News
- Murphy Oil Co. (NYSE: MUR) had its price target raised by analysts at Piper Sandler from $49.00 to $55.00. They now have an "overweight" rating on the stock.MarketBeat
- Murphy Oil Co. (NYSE: MUR) had its price target raised by analysts at Mizuho from $53.00 to $55.00. They now have a "buy" rating on the stock.MarketBeat
- Murphy Oil Co. (NYSE: MUR) was downgraded by analysts at Scotiabank from a "sector outperform" rating to a "sector perform" rating.MarketBeat
- Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- Murphy Oil Co. (NYSE: MUR) is now covered by analysts at Barclays PLC. They set an "equal weight" rating and a $54.00 price target on the stock.MarketBeat
MUR
Earnings
- 1/25/24 - Miss
MUR
Sec Filings
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- 3/21/24 - Form ARS
- MUR's page on the SEC website