Morgan Stanley Maintains Overweight on Marathon Petroleum, Lowers Price Target to $182
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Connor Lynagh maintains an Overweight rating on Marathon Petroleum but lowers the price target from $196 to $182.
September 16, 2024 | 4:54 pm
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Morgan Stanley has maintained its Overweight rating on Marathon Petroleum but has reduced the price target from $196 to $182, indicating a more cautious outlook.
The Overweight rating suggests continued confidence in Marathon Petroleum's performance, but the lowered price target indicates some concerns or adjustments in expectations. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100