UPDATE - Global Hunter Securities Initiates Coverage on Marathon Petroleum (MPC) with a Buy; New Bellwether Emerging?
Tweet
Share
E-mailGet Alerts MPC Hot Sheet
Price: $360.72 +0.70%
Rating Summary:
17 Buy, 9 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
17 Buy, 9 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
UPDATE - Global Hunter Securities initiates coverage on Marathon Petroleum (NYSE: MPC) with a Buy. PT $55.00.
Global analyst said, "Earlier this year, Marathon Petroleum was spun out from Marathon Oil (NYSE: MRO). It is the second largest US independent refiner by capacity. We believe the company is effectively utilizing the benefits of scale, while presenting investors with strong exposure to the mid-con advantage. We are initiating coverage of MPC with a Buy rating and $55 price target, which we derive by applying a 5x EV/EBITDA multiple based on our 2012 estimates."
To see more ratings changes on MPC, Click Here
Global analyst said, "Earlier this year, Marathon Petroleum was spun out from Marathon Oil (NYSE: MRO). It is the second largest US independent refiner by capacity. We believe the company is effectively utilizing the benefits of scale, while presenting investors with strong exposure to the mid-con advantage. We are initiating coverage of MPC with a Buy rating and $55 price target, which we derive by applying a 5x EV/EBITDA multiple based on our 2012 estimates."
To see more ratings changes on MPC, Click Here
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- DA Davidson Starts Everus (ECG) at Buy
- TD Cowen Assumes Iovanace Biotherapeutics (IOVA) at Buy
- Keefe, Bruyette & Woods Resumes Canadian Imperial Bank of Commerce (CM:CN) (CM) at Market Perform
Create E-mail Alert Related Categories
New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
