6 analyst cuts of the day: Marathon stock lowered at JPMorgan | Pro Recap
Investing.com | Author Davit Kirakosyan
Published Mar 28, 2023 05:57AM ET
Updated Mar 28, 2023 07:23AM ET
By Davit Kirakosyan
Investing.com -- Here is your daily Pro Recap of the biggest analyst downgrades you may have missed since yesterday.
Marathon Petroleum downgraded at JPMorgan/h2
JPMorgan downgraded Marathon Petroleum (NYSE:MPC) to Neutral from Overweight this morning while also raising its price target to $149.00 from $137.00.
While the firm believes Marathon Petroleum is executing well and has continued potential to aggressively return capital, even in a refining downturn, it now sees slightly below-average upside potential to its price target relative to the group average, and therefore downgrade the stock.
Shares were nearly even in premarket trading after a 3.3% gain yesterday.
This headline went out to InvestingPro subscribers in real time.
Get The News You Want
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.