Wells Fargo Maintains Overweight on Marathon Oil, Raises Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Overweight rating on Marathon Oil (NYSE:MRO) and increased the price target from $32 to $36.
March 12, 2024 | 1:54 pm
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POSITIVE IMPACT
Wells Fargo has maintained an Overweight rating on Marathon Oil and raised the price target from $32 to $36.
The increase in price target by a reputable analyst like Roger Read from Wells Fargo is a strong positive signal for Marathon Oil. It suggests a bullish outlook on the stock's future performance, potentially leading to increased investor confidence and upward price movement in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100