Piper Sandler Maintains Neutral on Marathon Petroleum, Raises Price Target to $204
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Ryan Todd maintains a Neutral rating on Marathon Petroleum (MPC) and raises the price target from $159 to $204.
April 05, 2024 | 11:53 am
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Piper Sandler maintains a Neutral rating on Marathon Petroleum and raises the price target from $159 to $204.
The increase in the price target from $159 to $204 by Piper Sandler suggests a positive outlook on the stock's value, potentially leading to increased investor interest and a short-term positive impact on the stock price. The Neutral rating indicates that while the stock might not outperform the market, the raised target price reflects an improved valuation perspective.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100