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Fly News Breaks for December 5, 2018
MPC
Dec 5, 2018 | 07:54 EDT
Barclays analyst Paul Cheng reiterates Marathon Petroleum as a Top Pick with an Overweight rating and $125 price target following yesterday's investor day. The analyst believes the event will have a neutral-to-slightly positive impact on the shares' performance. The incremental color obtained from the presentation was likely "ample enough to reassure those who are already bullish on the company's story, but not groundbreaking enough to encourage the bears to consider buying," Cheng tells investors in a research note.
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