Wells Fargo analyst Roger Read raised the firm’s price target on Marathon Petroleum (MPC) to $180 from $175 and keeps an Overweight rating on the shares. The firm says that the combination of solid refining operational performance, favorable outlook for improving crude differentials and demand with modest midstream growth supports its favorable outlook.
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Read More on MPC:
- Marathon Petroleum price target raised to $184 from $168 at Mizuho
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- 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
- Marathon Petroleum Reports Q1 2025 Financial Results
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