Fly News Breaks for February 21, 2020
Feb 21, 2020 | 07:09 EDT
Credit Suisse analyst Manav Gupta maintained an Outperform rating on Marathon Petroleum (MPC) and raised his price target on shares to $75 from $72 based on a buyer emerging for the Speedway franchise that is willing to pay up to $22B, higher than earlier reports of $15B. The analyst believes this higher number offsets any tax leakage, and would unlock $21 per share in value. Gupta added that regardless of the price, he does not believe the value of Speedway is reflected in Marathon's current share price.
News For MPC From the Last 2 Days