JPMorgan lowered the firm’s price target on Marathon Petroleum to $171 from $172 and keeps a Neutral rating on the shares as part of a Q3 earnings preview. The firm reduced its Q3 earnings per share estimate to 90c from $2.00 to reflect lower refining captures compared to its previous model.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MPC:
- Marathon Petroleum price target lowered to $183 from $196 at Wells Fargo
- Marathon Petroleum price target lowered to $190 from $200 at BMO Capital
- Marathon Petroleum call volume above normal and directionally bullish
- Marathon Petroleum price target lowered to $172 from $186 at JPMorgan
- Marathon Petroleum price target lowered to $145 from $168 at Piper Sandler
Questions or Comments about the article? Write to editor@tipranks.com