Raymond James raised the firm’s price target on Marathon Petroleum (MPC) to $285 from $270 and keeps an Outperform rating on the shares. Marathon Petroleum delivered strong Q1 results that reinforced its top-tier refining position, supported by ongoing asset optimization and midstream value creation that enhance financial flexibility, sustain strong through-cycle performance, and enable substantial shareholder returns, with continued midstream investment and refining improvements offering additional upside potential, the analyst tells investors in a research note.
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