Shares of Marathon Petroleum (MPC) surged 5.71% in pre-market trading on Monday, following a series of positive analyst adjustments to the company's price targets. The stock's strong performance comes as Wall Street analysts express increased confidence in the energy company's prospects.
Leading investment banks have revised their outlook on Marathon Petroleum, with all maintaining positive ratings. Jefferies made the most significant adjustment, raising its price target to $180 from $169, while reiterating a Buy rating. UBS followed suit, increasing its target to $175 from $170 and maintaining a Buy rating. Barclays also joined the bullish chorus, lifting its price target to $159 from $141 and keeping an Overweight rating on the stock.
The wave of optimistic revisions suggests that analysts see substantial upside potential in Marathon Petroleum's shares. According to FactSet, the average rating for MPC stock is currently Overweight, with a mean price target of $162.29. The positive sentiment from Wall Street, coupled with the higher price targets, appears to be driving investor enthusiasm and contributing to the stock's significant pre-market rally.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。