Wells Fargo is generally upbeat on the refining sector but believes inland differentials will decline as 2013 unfolds, and favors coastal refiners Marathon Petroleum (NYSE:MPC), Valero Energy (NYSE:VLO) and Tesoro (TSO). The firm hikes its valuation range on MPC to $100-$104 from $87-$91, on VLO to $54-$56 from $50-$52, and on TSO to $71-$74 from $62-$64.
Wells Fargo is generally upbeat on the refining sector but believes inland differentials will...
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Symbol | Last Price | % Chg |
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MPC | - | - |
Marathon Petroleum Corporation |