.September 14, 2024 at 3:00:11 PM

UBS upgraded Marathon Petroleum Corporation (NYSE:MPC) to a Buy rating with a new price target of $189, reflecting revised financial performance expectations. Despite a significant monthly decline, MPC’s stock outperformed major market indexes in the recent trading session, indicating strong relative performance. Anticipated financial results for MPC include a substantial decrease in EPS but a significant increase in revenue, highlighting a mixed financial outlook. Marathon Petroleum, a key player in the oil and energy sector, faces competitive pressures in a volatile market as it prepares to release its financial results on November 5, 2024.