Morgan Stanley analyst Joe Laetsch raised the firm’s price target on Marathon Petroleum (MPC) to $233 from $200 and keeps an Overweight rating on the shares. Refiners have given back most of their Middle East gains, but even if the Strait of Hormuz reopens in the near term, refining margins are unlikely to return to pre-conflict levels anytime soon, says the analyst, who updated estimates among the refiner group for latest strip prices through 2027.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
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 $210 from $174 at Scotiabank
- EU plans measures to address jet fuel shortage linked to Iran war, Reuters says
- Marathon Petroleum Bolsters Liquidity With New Credit Facility
- Best Oil Stock ETFs as Trump Keeps Oil Prices Soaring: 04/13/26
- Marathon Petroleum price target raised to $243 from $210 at Citi