Marathon Petroleum stock TD Cowen lifts target to USD 478, slightly higher pre-market
Published on 10/23/2026 at 08:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTD Cowen raises its target
- TD Cowen moved its Marathon Petroleum target to USD 478 from USD 450 on October 22, 2026.
- The analyst note formed part of a third-quarter earnings preview dated October 22, 2026.
- Marathon Petroleum stock trades pre-market at EUR 410.90 at 8:54 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.43 percent above the Xetra close of October 22, 2026.
On October 22, 2026, TD Cowen raised its Marathon Petroleum price target to USD 478 from USD 450 and maintained a Buy rating, according to Markets Insider. Marathon Petroleum stock trades pre-market at EUR 410.90 at 8:54 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.43 percent above the Xetra close of October 22, 2026 (EUR 409.15).
TD Cowen adjusts its target
The analyst said the change was part of a third-quarter earnings preview for the refining group. The note cited higher crude flows and limited product flows from the Middle East as favorable for refiners, while diesel prices were described as struggling to move higher. TD Cowen said that a rise in crude could narrow refining margins, according to Markets Insider.
Ahead of the Xetra open
The indication is EUR 1.75 higher than the reference close. The bid was EUR 408.50 and the ask EUR 413.30, a spread of 1.17 percent that points to a wide pre-market range. The further course from the Xetra open at 9:00 a.m. CEST is shown by the continuously updated real-time quote of Marathon Petroleum stock.
How Marathon Petroleum makes money
Marathon Petroleum operates refining, midstream, retail and renewable-fuels businesses in the energy market, as described by the company on its website. Market context: Market report S&P 500.
