Credit Suisse Downgrading Marathon Oil Corp (MRO) NEUTRAL

Credit Suisse is downgrading shares of Marathon Oil Corp (NYSE: MRO) to Neutral and it has a $36 price target on shares.

In a note to clients, Credit Suisse writes, "We take our rating down to Neutral (from Outperform). We believe MRO shares will pause for breath on the back of stock specific EPS cuts, macro uncertainty and a 12 month wait before MRO can demonstrate execution in the onshore liquids to prove its critics wrong."

Shares of MRO closed at $29.12 yesterday.