Imperial Capital Raises PT on Marathon (MPC) to $79
Tweet
Share
E-mailGet Alerts MPC Hot Sheet
Price: $202.46 -0.69%
Rating Summary:
19 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
Rating Summary:
19 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
Join SI Premium – FREE
Imperial Capital today maintained an Outperform rating on Marathon Petroleum (NYSE: MPC) and raised its price target to $79.00 (from $64.00).
Analyst Ann Kohler said, "We are raising our one-year price target on MPC to $79 from $64, reflecting the inclusion of the pending acquisition of BP’s Texas City, Texas refinery and associated assets. We are maintaining our Outperform rating. MPC is expected to complete the transaction in early 2013, and we estimate that the assets will contribute an incremental $1.85/share and $1.2bn in EBITDA."
For an analyst ratings summary and ratings history on Marathon Petroleum (NYSE: MPC) click here. For more ratings news on Marathon Petroleum click here.
Shares of Marathon Petroleum closed at $67.11 yesterday.
Analyst Ann Kohler said, "We are raising our one-year price target on MPC to $79 from $64, reflecting the inclusion of the pending acquisition of BP’s Texas City, Texas refinery and associated assets. We are maintaining our Outperform rating. MPC is expected to complete the transaction in early 2013, and we estimate that the assets will contribute an incremental $1.85/share and $1.2bn in EBITDA."
For an analyst ratings summary and ratings history on Marathon Petroleum (NYSE: MPC) click here. For more ratings news on Marathon Petroleum click here.
Shares of Marathon Petroleum closed at $67.11 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Sage Therapeutics (SAGE) PT Lowered to $17 at Oppenheimer
- Blue Owl Capital (OWL) PT Raised to $21 at Citi
- Ellington (EFC) PT Lowered to $13.50 at BTIG
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeSign 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!
