Raymond James Maintains Strong Buy on Marathon Petroleum, Lowers Price Target to $171
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Justin Jenkins has maintained a 'Strong Buy' rating on Marathon Petroleum (NYSE:MPC), but lowered the price target from $177 to $171.
October 06, 2023 | 12:08 pm
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Marathon Petroleum's price target has been lowered from $177 to $171 by Raymond James, though the 'Strong Buy' rating is maintained.
While the lowering of the price target might initially seem negative, the maintenance of the 'Strong Buy' rating indicates that the analyst still sees significant upside potential in the stock. This could lead to a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100