Marathon Petroleum price target raised to $152 from $148 at RBC Capital

RBC Capital analyst TJ Schultz raised the firm’s price target on Marathon Petroleum to $152 from $148 and keeps an Outperform rating on the shares. The company’s Q2 results topped estimates as refinery utilization and throughput remain strong while refining margins continue to be supported by market demand and tight product inventories, in addition to strong midstream contribution, the analyst tells investors in a research note.