Market Overview

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

Share:
Related MRO
Lightning Round: Jim Cramer Shares His Thoughts On Marathon Oil, NXP Semiconductors And More
Jim Cramer Advises His Viewers On Baozun, Marathon Oil, Centurylink And Intel

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
Oct 2017Morgan StanleyMaintainsEqual-Weight
Oct 2017BarclaysMaintainsEqual-Weight
Aug 2017BarclaysMaintainsEqual-Weight

View More Analyst Ratings for MRO
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Price Target Analyst Ratings

 

Related Articles (MRO)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...