Marathon Petroleum price target raised to $186 from $172 at JPMorgan

JPMorgan raised the firm’s price target on Marathon Petroleum to $186 from $172 and keeps a Neutral rating on the shares. The analyst updated refiner models by marking to market Q1 cracks and crude differentials and updated Q2 assumptions to reflect the current environment. Improved fundamentals are driven by supply, but are largely priced into the shares, the analyst tells investors in a research note.