Wells Fargo lowered the firm’s price target on Marathon Petroleum (MPC) to $182 from $186 and keeps an Overweight rating on the shares. The price target adjustment is based on the firm’s updated refining margin assumptions and there are no major changes to the firm’s outlook, the analyst tells investors in a research note.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MPC:
- Marathon Petroleum price target lowered to $175 from $176 at Wolfe Research
- Unusually active option classes on open December 20th
- Marathon Petroleum price target lowered to $174 from $181 at Morgan Stanley
- Marathon Petroleum price target lowered to $174 from $175 at Mizuho
- Marathon, Teamsters reach pay deal at Detroit refinery, Reuters reports