Scotiabank Adjusts Marathon Petroleum (MPC) PT to $174, Shifts Focus to 2026 Guidance, Cost-Saving Potential

Marathon Petroleum Corporation (NYSE:MPC) is one of the best large cap value stocks to buy in 2026. On January 16, Scotiabank analyst Paul Cheng lowered the firm’s price target on Marathon Petroleum to $174 from $189 with an Outperform rating. The firm is revising price targets across its US Integrated Oil, Refining, and large-cap E&P coverage. Scotiabank anticipates a predictable earnings season and believes investor attention will shift to how recent market volatility might affect 2026 guidance and whether E&P firms will implement new cost-saving measures.

On January 14, Citi lowered its price target for Marathon Petroleum to $182 from $185, while maintaining a Neutral rating. This adjustment was made as part of a Q4 2025 preview. To refine its financial model, the firm incorporated the most recent commodity price data into its projections for the company.

A day before that, Mizuho increased its price target for Marathon Petroleum Corporation (NYSE:MPC) to $205 from $198 with a Neutral rating on the shares. The firm anticipates that the company will report strong results for Q4. However, Mizuho expressed caution regarding the future and noted that current market consensus estimates for 2026 appear to be set too high.

Marathon Petroleum Corporation (NYSE:MPC), together with its subsidiaries, operates as an integrated downstream energy company in the US. The company operates through three segments: Refining & Marketing, Midstream, and Renewable Diesel.

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Disclosure: None. This article is originally published at Insider Monkey.