Raymond James downgraded Marathon Petroleum (MPC) to Outperform from Strong Buy with a price target of $200, up from $180. Marathon Petroleum continues to execute on its plan to improve asset-level returns and distribute significant amounts of cash back to shareholders, but much of this is already reflected in the current valuation, the analyst tells investors in a research note.
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Read More on MPC:
- Marathon Petroleum downgraded to Peer Perform from Outperform at Wolfe Research
- Marathon Petroleum price target raised to $180 from $147 at Scotiabank
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- Marathon Petroleum price target raised to $203 from $175 at UBS
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