Barclays raised the firm’s price target on Marathon Petroleum (MPC) to $159 from $141 and keeps an Overweight rating on the shares. Amid ongoing economic volatility, refining names have seen relatively resilient demand and recovering crack spreads, the analyst tells investors in a research note.
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Read More on MPC:
- Cautious Outlook for Marathon Petroleum Amid Strategic Investments and Market Challenges
- Marathon Petroleum’s Strong Q1 Performance and Strategic Management Justify Buy Rating and Raised Price Target
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- Marathon Petroleum’s Earnings Call: Mixed Sentiment and Strategic Growth
- Marathon Petroleum reports Q1 EPS (24c), consensus (54c)
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