Wells Fargo Maintains Overweight on Marathon Oil, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Overweight rating on Marathon Oil (NYSE:MRO) but lowered the price target from $37 to $35.
July 18, 2023 | 12:20 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Wells Fargo has maintained an Overweight rating on Marathon Oil but lowered the price target from $37 to $35.
The news is directly related to Marathon Oil as the company's price target has been lowered by Wells Fargo. This could potentially impact the stock's performance in the short term. However, the Overweight rating suggests that the analyst still sees potential upside, which could balance out the impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100