Goldman Sachs Upgrades Marathon Petroleum (MPC) to Buy

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Goldman Sachs upgraded Marathon Petroleum (NYSE: MPC) from Neutral to Buy with a price target of $58.00.

The firm said shares are trading at an estimated low-end trading value, risk/reward is favorable given its high exposure to their bullish view on Mid-Continent.

Goldman is positive about shareholder returns in the form of dividend increases and buybacks and is positive on management.

For an analyst ratings summary and ratings history on Marathon Petroleum click here. For more ratings news on Marathon Petroleum click here.

Shares of Marathon Petroleum closed at $40.87 yesterday, with a 52 week range of $26.35-$47.43.

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