Raymond James Maintains Strong Buy on Marathon Petroleum, Lowers Price Target to $150
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Justin Jenkins maintains a Strong Buy rating on Marathon Petroleum (NYSE:MPC) and lowers the price target from $165 to $150.
June 07, 2023 | 11:25 am
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NEUTRAL IMPACT
Marathon Petroleum's price target has been lowered from $165 to $150 by Raymond James, but the Strong Buy rating is maintained.
The lowered price target may cause some short-term uncertainty among investors, but the Strong Buy rating maintained by Raymond James indicates that the company's long-term prospects remain positive. The impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100