JP Morgan Maintains Neutral on Marathon Petroleum, Lowers Price Target to $171
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst John Royall maintains a Neutral rating on Marathon Petroleum (NYSE:MPC) and slightly lowers the price target from $172 to $171.
October 09, 2024 | 7:58 pm
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NEUTRAL IMPACT
JP Morgan has maintained its Neutral rating on Marathon Petroleum and slightly reduced the price target from $172 to $171, indicating a cautious outlook.
The Neutral rating suggests that JP Morgan does not expect significant upside or downside in the short term. The slight reduction in the price target reflects a minor adjustment in expectations, which is not likely to cause a major impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100