Marathon Petroleum price target raised to $217 from $213 at Wells Fargo

Wells Fargo raised the firm’s price target on Marathon Petroleum (MPC) to $217 from $213 and keeps an Overweight rating on the shares. The firm notes that Within Marathon Petroleum’s Q4 update, MPLX’s accelerated growth capex from 2026 underpins an advantaged return of capital position for Marathon. The company has significant free cash flow leverage to growing L48 gas volumes, supplementing its intrinsic Refining torque, Wells adds.