Piper Sandler lowered the firm’s price target on Marathon Petroleum to $133 from $135 and keeps a Neutral rating on the shares. The analyst updated estimates based on mark to market on Q2 commodity prices as well as adjustments to operating assumptions. The firm says Galveston Bay is a near-term headwind for Marathon Petroleum.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MPC:
- Marathon Petroleum price target raised to $132 from $124 at Barclays
- Marathon Petroleum price target raised to $120 from $113 at Wells Fargo
- Marathon Petroleum put volume heavy and directionally bearish
- Oil Trading Daily: Oil Closes Higher on Saudi Production Cut
- OXY, COP, MPC: Eye these 3 Energy Stocks as Saudi Cuts Production