Analyst Nitin Kumar from Mizuho has revised his outlook for Marathon Petroleum, adjusting the firm's price target from $174 to $168. The decision stems from expectations that the company may not meet first-quarter earnings forecasts, primarily due to anticipated lower capture rates.
Despite the downward adjustment in the price target, Kumar maintains a Neutral rating on Marathon Petroleum (MPC, Financial). The revision highlights concerns over the company's near-term performance as investors await forthcoming financial results.
