Marathon Petroleum Corporation (MPC) Receives Price Target

Marathon Petroleum Corporation (MPC) : 10 Wall Street analysts covering Marathon Petroleum Corporation (MPC) believe that the average level the stock could reach for the short term is $48.9. The maximum price target given is $58 and the minimum target for short term is around $41, hence the standard deviation is calculated at $5.43.

Marathon Petroleum Corporation (MPC) has an average broker rating of 1.85, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Also, In the latest statement by the brokerage house, Piper Jaffray maintains its outlook on Marathon Petroleum Corporation (NYSE:MPC). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $35 per share to $41 per share. The rating by the firm was issued on August 22, 2016.

Marathon Petroleum Corporation (NYSE:MPC): The stock opened at $42.55 on Thursday but the bulls could not build on the opening and the stock topped out at $42.60 for the day. The stock traded down to $41.39 during the day, due to lack of any buying support eventually closed down at $41.91 with a loss of -1.41% for the day. The stock had closed at $42.51 on the previous day. The total traded volume was 3,870,576 shares.

Marathon Petroleum Corporation (MPC) is engaged petroleum product refining, marketing, retail and transportation businesses. It has three segments: Refining & Marketing, which refines crude oil and other feedstocks at its seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products; Speedway, which sells transportation fuels and convenience products in the retail market in the Midwest, East Coast and Southeast, and Pipeline Transportation, which transports crude oil and other feedstocks to its refineries and other locations, delivers refined products to wholesale and retail market areas and includes the aggregated operations of MPLX LP.

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