On Oct 10, major Wall Street analysts update their ratings for $Marathon Petroleum (MPC.US)$, with price targets ranging from $167 to $183.
Morgan Stanley analyst Joe Laetsch maintains with a buy rating, and maintains the target price at $182.
Citi analyst Vikram Bagri upgrades to a buy rating, and adjusts the target price from $155 to $167.
Barclays analyst Theresa Chen maintains with a buy rating, and adjusts the target price from $180 to $168.
Wells Fargo analyst Roger Read maintains with a buy rating, and maintains the target price at $183.
Mizuho Securities analyst Nitin Kumar CFA maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Marathon Petroleum (MPC.US)$'s main analysts recently are as follows:
The firm has adjusted its third-quarter earnings per share estimate for Marathon Petroleum downward to reflect reduced refining captures, compared to the initial model.
Estimates for Marathon Petroleum's performance have been adjusted downwards by an analyst in anticipation of less robust refining outcomes prior to the Q3 earnings report.
The analyst suggests that refining margins have reached their lowest point, noting improvements in diesel demand. Additionally, factors such as reduced prices and payrolls are seen as positive influences on gasoline demand, with refined product inventories currently below average levels. The expectation of increased OPEC+ production in 2025 is anticipated to benefit coastal refiners through wider crude differentials. The prognosis for Western Hemisphere refining capacity indicates limited expansion, with projected shutdowns in 2025 expected to balance out the increases from recent launches and biofuel capacity growth.
Here are the latest investment ratings and price targets for $Marathon Petroleum (MPC.US)$ from 6 analysts:
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