UPDATE: Goldman Sachs Raises PT on Marathon Petroleum Post 10-K Review

In a report published Thursday, Goldman Sachs reiterated its Buy rating on Marathon Petroleum

and raised its price target from $87 to $99. Goldman Sachs reported that, “We remain Buy rated on Marathon Petroleum, owing to its significant exposure to discounted Mid-Continent crude oil prices. We have a favorable view of MPC's management team, asset base, and capital allocation policies.” Shares of Marathon Petroleum closed at $84.54 on Wednesday.