Barclays Maintains Overweight on Marathon Petroleum, Lowers Price Target to $195
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Theresa Chen maintains an Overweight rating on Marathon Petroleum (NYSE:MPC) but lowers the price target from $221 to $195.

May 06, 2024 | 3:56 pm
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Barclays maintains an Overweight rating on Marathon Petroleum but lowers the price target from $221 to $195.
The adjustment in price target by Barclays reflects a revised valuation assessment of Marathon Petroleum, likely due to changing market conditions or company performance. While the Overweight rating indicates a positive outlook on the stock, the reduction in price target suggests tempered expectations for its future price performance. This could lead to a neutral short-term impact on the stock as investors digest the implications of the lowered price target against the backdrop of continued analyst confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100