Barclays lowered the firm’s price target on Marathon Petroleum to $185 from $195 and keeps an Overweight rating on the shares. The firm says midstream and refining companies within its coverage are well positioned to capitalize on the trend of structural U.S. natural gas liquid supply growth to international markets. The analyst adjusted estimates to reflect updated commodities information.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 lowered to $168 from $190 at Piper Sandler
- Marathon Petroleum price target lowered to $223 from $227 at Wells Fargo
- Marathon Petroleum price target lowered to $230 from $235 at Raymond James
- Early notable gainers among liquid option names on May 17th
- Elliott buys Transocean, sells Valaris in Q1