Wells Fargo lowered the firm’s price target on Marathon Petroleum (MPC) to $175 from $185 and keeps an Overweight rating on the shares. The firm trims its Q1 EPS estimate to (68c) from 40c, primarily based on its updated refining margin assumptions. Wells’ updated model includes the new Renewables segment.
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 $168 from $174 at Mizuho
- Marathon Petroleum price target lowered to $183 from $193 at Raymond James
- SHEL, BP, MPC: Trump Threatens Tariffs on Buyers of Russian Oil
- Marathon Petroleum price target raised to $193 from $192 at Raymond James
- Phillips 66 downgraded to Neutral from Buy at Goldman Sachs