Deutsche Bank Maintains Buy Rating and $50 PT on Marathon Petroleum

A report from Deutsche Bank reiterates its Buy rating and $50 price target on Marathon Petroleum MPC. The report states, “We expect newly standalone independent refiner MPC to host a solid but unspectacular analyst meeting run by SVP & Corporate Planning head Garry Peiffer, & dominated by CEO Gary Heminger. Key topics should be capex outlook, EBITDA power & expansion potential of key assets such as export mega-refinery Garyville. Spectacular would be more on the massive $15/share MLP potential or a surprise special.” MPC closed yesterday at $33.28.