Raymond James Maintains Strong Buy Rating for Marathon Petroleum: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James has reaffirmed its Strong Buy rating on Marathon Petroleum (NYSE:MPC) and increased its price target from $175.00 to $185.00. Despite a slight decline in share price over the last 24 hours, the new price target suggests a potential upside of 9.29%. Marathon Petroleum is a major independent refiner with significant throughput capacity and renewable diesel production facilities.
January 31, 2024 | 5:00 pm
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Raymond James maintains a Strong Buy rating on Marathon Petroleum and raises the price target to $185, indicating a potential 9.29% increase from the current price.
The reaffirmation of a Strong Buy rating and an increased price target by a reputable analyst firm like Raymond James typically instills confidence in investors and can lead to a positive short-term impact on the stock price. The specific mention of Marathon Petroleum and the detailed price target provide clear guidance that could influence investor sentiment and trading behavior.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100