Wells Fargo Maintains Equal-Weight on Marathon Oil, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read has maintained an Equal-Weight rating on Marathon Oil (NYSE:MRO) but has lowered the price target from $29 to $27.
October 01, 2024 | 6:52 pm
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Wells Fargo has maintained its Equal-Weight rating on Marathon Oil but reduced the price target from $29 to $27, indicating a slightly less optimistic outlook.
The reduction in the price target from $29 to $27 by Wells Fargo suggests a less optimistic view on Marathon Oil's short-term performance. This could lead to a negative sentiment among investors, potentially impacting the stock price negatively in the short term.
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