According to a research report published today, Benchmark has initiated Marathon Petroleum MPC with a Hold rating and $39 PT.
In the report, Benchmark commented, “Our FY2012 and FY2013 EPS estimates of $5.96 and $6.53, respectively, exceed consensus earnings forecasts and reflect our assumptions of continued robust refining results, strong retail marketing performance, and the benefit of $2 billion in share repurchases each year.”
Marathon Petroleum closed yesterday at $41.99.
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