Entering text into the input field will update the search result below

Marathon Petroleum to benefit from volatility, J.P. Morgan says in upgrade

Aug. 26, 2015 11:25 AM ETMarathon Petroleum Corporation (MPC) StockMPCBy: Carl Surran, SA News Editor
  • Marathon Petroleum (MPC +0.3%) is upgraded to Overweight from Neutral with a $61 price target at J.P. Morgan, which calls MPC "a high quality story, with a favorable business mix of refining/logistics/retail and refining geographic mix."
  • MPC is well positioned to benefit from market volatility because of its fully integrated systems, the firm says, adding that over the longer term it likes MPC’s refining geographic mix, given its exposure to Mid-Continent and Gulf coast regions.
  • MPC enjoyed a quick 8% jump when the MPLX/MWE deal was announced, but the firm says the recent decline in the share price implies that “little to no credit is now being given for the deal in MPC’s shares, either because of fears that the deal won’t close or that MPC will have to contribute more cash."

Recommended For You

More Trending News

About MPC Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
MPC--
Marathon Petroleum Corporation