Scotiabank Maintains Sector Outperform on Marathon Petroleum, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng maintains a Sector Outperform rating on Marathon Petroleum but lowers the price target from $191 to $170.
October 10, 2024 | 5:26 pm
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Scotiabank has maintained its Sector Outperform rating for Marathon Petroleum but has reduced the price target from $191 to $170.
The maintenance of a Sector Outperform rating suggests continued confidence in Marathon Petroleum's performance relative to its sector. However, the lowered price target indicates a more conservative outlook on its stock price, which could lead to a short-term negative impact on the stock as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100