Raymond James raised the firm’s price target on Marathon Petroleum (MPC) to $193 from $192 and keeps a Strong Buy rating on the shares. Marathon Petroleum continues to execute on its plan to improve asset-level returns and distribute vast amounts of cash back to shareholders, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MPC:
- Phillips 66 downgraded to Neutral from Buy at Goldman Sachs
- Marathon Petroleum: Strategic Advantages and Growth Prospects Justify Buy Rating
- Marathon Petroleum price target raised to $161 from $159 at Barclays
- Strategic Advantages and Financial Performance Drive Buy Rating for Marathon Petroleum
- Insider Moves: Berkshire, Marathon, Iron Mountain, MGM, Kimberly Clark