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UPDATE: Cowen Securities Raises PT on Marathon Petroleum on Asset & Balance Sheet Quality

Related MPC
Earnings Scheduled For April 28, 2016
Marathon Petroleum Declares Regular Dividend Of $0.32 A Share

Cowen Securities analyst Sam Margolin published a report on Marathon Petroleum (NYSE: MPC) that reiterated its Buy rating and raised the price target from $75 to $120.

Cowen Securities reported that, “We expect the refining group to remain volatile in the near term, as multiple margin and cost indicators of varying significance and impact clarity swing widely. The issue of RINs pricing, a highly opaque driver with minimal disclosure of company-specific inventory, purchasing activity, and exposure, is exacerbated by a crack spread and crude differential environment that is contracting, yet well above levels typical of a mid-cycle environment. Through the chaos, we expect MPC's asset and balance sheet quality to carry continued outperformance.”

Shares of Marathon Petroleum closed at $86.83 on Wednesday.

Latest Ratings for MPC

Mar 2016BarclaysMaintainsOverweight
Mar 2016Bank of AmericaUpgradesNeutralBuy
Feb 2016JP MorganMaintainsNeutral

View More Analyst Ratings for MPC
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Posted-In: Cowen SecuritiesAnalyst Color Price Target Analyst Ratings


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