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Fly News Breaks for September 6, 2017
MPC
Sep 6, 2017 | 06:49 EDT
Jefferies analyst Corey Goldman added Marathon Petroleum to his firm's Franchise Picks list saying yesterday's selloff provides an attractive buying opportunity. The current valuation is implying "just" six times EBITDA credit to Speedway, Goldman tells investors in a research note after Marathon concluded to keep the asset. He lowered his price target for Marathon Petroleum shares to $64 from $65 and keeps a Buy rating on the name. Wells Fargo last night downgraded the shares to Market Perform.
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