Wall Street Analysts Are Bullish on Top Energy Picks
There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Marathon Petroleum (MPC – Research Report) and Valero Energy (VLO – Research Report) with bullish sentiments.
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Marathon Petroleum (MPC)
In a report released yesterday, Suvro Sarkar from DBS maintained a Buy rating on Marathon Petroleum, with a price target of $206.00. The company’s shares closed last Wednesday at $195.92.
According to TipRanks.com, Sarkar is a 4-star analyst with an average return of
Currently, the analyst consensus on Marathon Petroleum is a Moderate Buy with an average price target of $198.50, implying a 5.0% upside from current levels. In a report issued on January 27, Morgan Stanley also maintained a Buy rating on the stock with a $200.00 price target.
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Valero Energy (VLO)
In a report released yesterday, Duladeth Bik from DBS maintained a Buy rating on Valero Energy, with a price target of $153.00. The company’s shares closed last Wednesday at $197.41.
Currently, the analyst consensus on Valero Energy is a Moderate Buy with an average price target of $195.57, which is a 1.2% upside from current levels. In a report issued on January 29, TipRanks – OpenAI also upgraded the stock to Buy with a $202.00 price target.
