Wells Fargo Upgrades Marathon Petroleum to Overweight, Announces $169 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has upgraded Marathon Petroleum (NYSE:MPC) from Equal-Weight to Overweight and set a price target of $169.
December 14, 2023 | 11:51 am
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Marathon Petroleum upgraded by Wells Fargo from Equal-Weight to Overweight with a new price target of $169.
Upgrades by analysts, especially from reputable financial institutions like Wells Fargo, can lead to increased investor confidence and a potential rise in stock price. The new price target of $169 suggests a significant upside from the current trading level, which may attract more buyers in the short term.
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