Wells Fargo is generally upbeat on the refining sector but believes inland differentials will...

|By:, SA News Editor

Wells Fargo is generally upbeat on the refining sector but believes inland differentials will decline as 2013 unfolds, and favors coastal refiners Marathon Petroleum (MPC), Valero Energy (VLO) and Tesoro (TSO). The firm hikes its valuation range on MPC to $100-$104 from $87-$91, on VLO to $54-$56 from $50-$52, and on TSO to $71-$74 from $62-$64.