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Marathon Petroleum (MPC) Stock Receives 'Buy' Rating at Jefferies

NEW YORK (TheStreet) -- Marathon Petroleum (MPC) stock coverage was initiated with a "buy" rating and $48 price target at Jefferies on Tuesday.

The Findlay, OH-based company is engaged in the petroleum product refining, marketing, retail and transportation businesses.

"MPC boasts a diverse portfolio of premier midstream & downstream energy assets, including its controlling ownership in MPLX, a largecap diversified MLP (master limited partnership)," the firm wrote in an analyst note.

While recent fundamental factors tethered to Marathon's refining and marketing (R&M) segment prompted shares to underperform, Jefferies...


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