Wells Fargo Maintains Equal-Weight on Magnolia Oil & Gas, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Hanwen Chang has maintained an Equal-Weight rating on Magnolia Oil & Gas (MGY) and increased the price target from $23 to $27.
April 18, 2024 | 12:49 pm
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Wells Fargo maintains an Equal-Weight rating on Magnolia Oil & Gas and raises the price target to $27.
The increase in the price target by a reputable analyst like Hanwen Chang from Wells Fargo suggests a positive outlook on the stock's value, potentially leading to increased investor confidence and a short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100