Goldman Sachs upgraded Marathon Petroleum to Buy from Neutral with a price target of $150, up from $132, representing 19% total return. The analyst believes Marathon Petroleum deserves a premium multiple given its "consistent earnings execution" across segments, a positive MPLX view, and its "best-in-class capital returns story." The firm cites the company’s strong returns of capital, higher capture rates and upside from the Midstream segment for the upgrade.
Published first on TheFly
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