Wells Fargo Maintains Equal-Weight on Magnolia Oil & Gas, Lowers Price Target to $26
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Wells Fargo analyst Hanwen Chang maintains an Equal-Weight rating on Magnolia Oil & Gas (NYSE:MGY) but lowers the price target from $27 to $26.
August 05, 2024 | 12:47 pm
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Wells Fargo analyst Hanwen Chang maintains an Equal-Weight rating on Magnolia Oil & Gas but lowers the price target from $27 to $26.
The lowered price target from $27 to $26 suggests a slightly less optimistic outlook for Magnolia Oil & Gas, which could lead to a short-term negative impact on the stock price.
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