Wells Fargo Maintains Equal-Weight on Marathon Petroleum, Lowers Price Target to $113
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Equal-Weight rating on Marathon Petroleum (NYSE:MPC) and lowers the price target from $124 to $113.
June 02, 2023 | 12:06 pm
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Wells Fargo analyst maintains Equal-Weight rating on Marathon Petroleum (NYSE:MPC) and lowers price target from $124 to $113.
The news directly mentions Marathon Petroleum (MPC) and the lowered price target by Wells Fargo analyst Roger Read. This may cause some investors to reconsider their positions, but the Equal-Weight rating suggests that the stock is still fairly valued. The short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100