JP Morgan Maintains Neutral on Marathon Petroleum, Lowers Price Target to $172
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Royall maintains a Neutral rating on Marathon Petroleum (NYSE:MPC) and lowers the price target from $186 to $172.
October 02, 2024 | 3:46 pm
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JP Morgan has maintained its Neutral rating on Marathon Petroleum but has lowered the price target from $186 to $172, indicating a less optimistic outlook.
The lowering of the price target by JP Morgan suggests a less optimistic view on Marathon Petroleum's future performance, which could lead to a negative short-term impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100