Marathon Petroleum price target lowered to $166 from $168 at BofA

BofA analyst Doug Leggate lowered the firm’s price target on Marathon Petroleum to $166 from $168 and keeps a Neutral rating on the shares, calling it out as “the only refiner so far to beat consensus expectations.” However, while defensive, Marathon “is not immune from margin weakness,” which still points to headwinds from negative earnings revisions, the analyst tells investors in a post-earnings note.