Wells Fargo Maintains Overweight on Marathon Petroleum, Lowers Price Target to $183
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on Marathon Petroleum but lowers the price target from $196 to $183.
October 09, 2024 | 3:14 pm
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Wells Fargo has maintained its Overweight rating on Marathon Petroleum but has reduced the price target from $196 to $183, indicating a more cautious outlook.
The maintenance of an Overweight rating suggests continued confidence in Marathon Petroleum's performance, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company-specific factors. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100