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Fly News Breaks for September 6, 2017
MPC
Sep 6, 2017 | 05:39 EDT
Wells Fargo analyst Roger Read last night downgraded Marathon Petroleum to Market Perform from Outperform with a $56 price target. The analyst calculates a lower sum-of-the-parts value following Marathon's decision to retain the retail segment. The analyst now expects the incentive distribution rights buyout may be at the lower end of the prior 15-20 times range.
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