Wells Fargo raised the firm’s price target on Marathon Petroleum to $183 from $169 and keeps an Overweight rating on the shares. The firm notes Q4 meaningfully exceeded expectations, with margin capture well above the 100% target. After a relatively TAR-heavy Q1 2024, Wells sees the likelihood for this performance to continue.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MPC:
- MPLX LP Reports Fourth-Quarter and Full-Year 2023 Financial Results
- Marathon Petroleum Corp. Reports Fourth-Quarter 2023 Results
- Marathon Petroleum Corp. Announces Quarterly Dividend
- Marathon Petroleum initiated with a Neutral at Citi
- Marathon Petroleum price target raised to $162 from $160 at Morgan Stanley