As previously reported, BofA/Merrill upgraded Marathon Petroleum to Buy from Neutral and raised its price target to $95 from $88. Leggate raised his long-term Brent price forecast to $65/bbl from $60/bbl and believes Marathon is poised to deliver solid free cash flow and growth in 2018, easily reaching growth targets. The analyst sees upside in the Bakken and views it as a catalyst for improving oil margins, combined with a reemergence in Eagle Ford production differentials. Leggate also like Marathon's valuation, cash balance, and improved disclosures.