UBS raised the firm’s price target on Marathon Petroleum (MPC) to $220 from $203 and keeps a Buy rating on the shares. Russia has increased crude oil exports to international markets, and more fuel oil hitting global markets is positive for U.S. refiners, the analyst tells investors in a research note. The firm cites sector tailwinds for the higher target on Marathon Petroleum.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MPC:
- Marathon Petroleum price target raised to $188 from $184 at Mizuho
- Marathon Petroleum price target raised to $222 from $184 at Piper Sandler
- Marathon Petroleum price target raised to $199 from $195 at Raymond James
- Marathon Petroleum price target raised to $192 from $184 at BofA
- Closing Bell Movers: Nvidia slips 3% despite slight beat on earnings