Wells Fargo Downgrades Marathon Oil to Equal-Weight, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has downgraded Marathon Oil (NYSE:MRO) from Overweight to Equal-Weight and lowered the price target from $38 to $29.
May 31, 2024 | 2:55 pm
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Wells Fargo downgraded Marathon Oil from Overweight to Equal-Weight and reduced the price target from $38 to $29.
The downgrade from Overweight to Equal-Weight and the significant reduction in the price target from $38 to $29 by Wells Fargo is likely to negatively impact investor sentiment and the stock price of Marathon Oil in the short term.
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