Why Marathon Petroleum Corporation (NYSE:MPC) Stock went up 63.14% in Last Year?

BMO Capital Markets raised the price target for the Marathon Petroleum Corporation (NYSE:MPC) stock to ‘an Outperform’. The rating was released on June 14, 2023, according to finviz. We previously noted in another research note published on May 16, 2023 by Goldman that downgraded the stock from a Buy to a Neutral with a price target of $102 for MPC stock. The research report from Piper Sandler has downgraded the stock from Overweight to Neutral, with a price target set at $76. The stock was initiated by Morgan Stanley, who disclosed in a research note on September 07, 2021, to Overweight and set the price objective to $75.