Barclays Maintains Overweight on Marathon Petroleum, Lowers Price Target to $168
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Theresa Chen maintains an Overweight rating on Marathon Petroleum (NYSE:MPC) but lowers the price target from $180 to $168.
October 10, 2024 | 2:28 pm
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Barclays analyst Theresa Chen maintains an Overweight rating on Marathon Petroleum but lowers the price target from $180 to $168, indicating a slightly less optimistic outlook.
The Overweight rating suggests continued confidence in Marathon Petroleum's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100