Chart of the Day - Marathon Petroleum (MPC)

The "Chart of the Day" is Marathon Petroleum (MPC), which showed up on Friday's Barchart "All-Time High" list. Marathon on Friday posted a new all-time high of $60.74 and closed +2.19%. TrendSpotter has been long since Nov 6 at $56.98. In recent news on the stock, JPMorgan on Dec 7 initiated coverage on Marathon with a Neutral and a target of $62. BoF/Merrill on Nov 21 resumed its coverage on Marathon with a Buy and a target of $70. Morgan Stanley on Nov 20 reiterated its Overweight rating on Marathon with a $82 target and said that Marathon provides the best value in the energy sub-sector based on refining value following the spin-off of MPLX LP (MPLX). Marathon Petroleum, with a market cap of $20 billion, is engaged in refining, transporting, and marketing of petroleum products.