UPDATE: Credit Suisse Reiterates Outperform Rating, Raises PT on Marathon Oil Corporation
In a report published Wednesday, Credit Suisse reiterated its Outperform rating on Marathon Oil Corporation (NYSE: MRO), and raised its price target from $40.00 to $37.00.
Credit Suisse noted, “Delivery in the Eagle Ford is allowing MRO to extend 5-7% pa growth through 2017 and adding to NAV. We raise our TP to $40/sh (from $37/sh) with additional NAV upside depending on downspacing in the Eagle Ford and in presalt Gabon exploration (worth up to $10/sh unrisked).”
Marathon Oil Corporation closed on Tuesday at $31.21.
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