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Marathon Petroleum price target lowered to $175 from $185 at Wells Fargo

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.

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