On June 6th, Futubull lowered the target prices of several independent US refineries, stating that the current refining system is better than the mid-term cycle but no longer special. The bank added that the demand for transportation fuel in the United States in 2024 is the same as last year, and finished oil inventory remains strong, but the market supply is slightly surplus, and the growth in aviation fuel demand is still a bright spot in fuel demand. The bank lowered Marathon Oil's target price from $227 to $223 and rated it as "shareholding"; it also lowered Valero Energy's target price from $184 to $179 and rated it as "neutral".
富国银行下调马拉松石油及瓦莱罗能源目标价
Wells Fargo & Co lowered the target price of Marathon Oil and Valero Energy.
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