Morgan Stanley Rates Marathon Petroleum (MPC) buy

Morgan Stanley maintains a buy rating for Marathon Petroleum, setting a target price of $265, a 7.10% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:10 PM EDT · Updated Jun 18, 2026, 12:01 PM EDT

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Morgan Stanley rated Marathon Petroleum Corporation ($MPC) "buy" with a $265 price target on June 12, 2026.

Since the rating, $MPC is down 6.2% after 1 week, up 12.6% after 1 month and up 81.9% to date (from the $262.86 close on Jun 12, 2026).

MPC Marathon Petroleum Corporation

$478.07 +192.86% year to date

Daily close · Oct 16, 2026

Key Points

On June 12, 2026, Morgan Stanley reiterated its buy rating for Marathon Petroleum Corporation (MPC) with a target price of $265.
Morgan Stanley's $265 price target implies 7.10% upside from Marathon Petroleum Corporation's ($MPC) current $247.44 share price.
The stock closed at $247.44 on the day of the announcement, trading below the new price target.
Marathon Petroleum has a market cap of approximately $113 billion and a P/E ratio of about 13.9.

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Morgan Stanley Keeps Target High

Morgan Stanley reiterated its buy rating on Marathon Petroleum Corporation (MPC) on June 12, 2026, setting a price target of $265. This reflects confidence in the company's performance despite the stock closing at $247.44 on the same day.

Comparing Wall Street Ratings

Morgan Stanley's bullish stance aligns with other analysts on Wall Street. Recently, Wells Fargo raised its target for Marathon Petroleum to $560, while Goldman Sachs maintained a buy rating with a target of $472. In contrast, Jefferies downgraded the stock to hold with a target of $413. This mix of ratings shows varying levels of optimism about the energy giant's future.

Stock Performance Context

Marathon Petroleum's stock trades below its target price, suggesting potential upside if the market aligns with analysts' expectations. The stock has fluctuated between a 52-week low of $161.93 and a high of $431.08, indicating significant volatility in its price over the past year.

12-month forecast

$MPC price target

Marathon Petroleum Corporation daily closes and this analyst's $265 target. Not advice.

What Marathon Petroleum Corporation Does

Marathon Petroleum operates as an integrated downstream energy company, heavily involved in refining and marketing oil and gas products. Its broad operations include refining crude oil, marketing refined products, and distributing renewable diesel. This diverse business model supports its resilience in fluctuating market conditions.

What’s Next for Marathon Petroleum

Marathon Petroleum is set to report its next earnings on November 3, 2026. As analysts monitor the company's performance, the recent analyst ratings will likely influence investor sentiment. Remember that the information from Morgan Stanley reflects a past position, and future filings may show shifts in their outlook.