Refining profits soar! Citi sharply raises Marathon Petroleum (MPC.US) price target can crack spreads sustain the next "refining bull run"?

Zhitong Finance APP has learned that, against the backdrop of a severe shortage of refined oil products, its stock price has repeatedly hit new highs this year, and its gain so far in 2026 has reached 200%. U.S. refining giant Marathon Petroleum Corporation (MPC.US) has received a substantial target price increase from a Wall Street financial giant, which has formally issued a research report on the refining giant based on optimism about further upside potential. Citigroup analysts sharply raised Marathon Petroleum's 12-month target price from $318 to $518, an increase of 62.9%, implying 12.9% upside from the closing price of $458.81, with total return including dividends of about 13.8%, while maintaining a "Neutral" rating.