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UPDATE: Credit Suisse Reiterates Outperform Rating, Raises PT on Marathon Oil Corporation

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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.

Latest Ratings for MRO

DateFirmActionFromTo
Sep 2016Credit SuisseDowngradesOutperformNeutral
Sep 2016Societe GeneraleDowngradesBuyHold
Sep 2016JefferiesMaintainsBuy

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Posted-In: Credit SuisseAnalyst Color Price Target Analyst Ratings

 

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