Marathon Petroleum opens higher after Citi upgrades to Buy

|About: Marathon Petroleum Corp. (MPC)|By:, SA News Editor

Marathon Petroleum (MPC +1.2%) is upgraded to Buy from Neutral at Citigroup, citing improved earnings power following recent acquisitions, new initiatives in the midstream and pipeline business, and share repurchases over the last two years.

However, Citi lowers its price target for the shares to $94 from $96.