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

, 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.