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Analyst Actions: Marathon Petroleum PT Lifted $15 at Credit Suisse; Shares Nudge Lower
By: MT Newswires
Analysts at Credit Suisse have raised the price target on shares of Marathon Petroleum Corp. ( MPC ) to $100 from $85 a share.
"One of the imminent catalysts for MPC was the release of logistics information with the 10-K. We already highlighted the large list of assets disclosed. We previously estimated that MPC had C$650 mln of MLP'able EBITDA," said Credit Suisse. "This could prove conservative as we estimate the disclosed assets could now generate C$1 bln of EBITDA."
Shares of MPC are down 0.16% to $88.61 in afternoon trading, in the high end of a 52-week range of $33.65 - $90.47.