Wells Fargo Maintains Overweight on Marathon Petroleum, Raises Price Target to $227
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on Marathon Petroleum (MPC) and raises the price target from $214 to $227.
April 04, 2024 | 12:44 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Wells Fargo raises Marathon Petroleum's price target from $214 to $227, maintaining an Overweight rating.
The increase in price target by a reputable analyst like Roger Read from Wells Fargo is a strong positive signal for Marathon Petroleum. It suggests confidence in the company's future performance and potential for stock price appreciation. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100