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Fly News Breaks for August 16, 2016
MRO
Aug 16, 2016 | 07:47 EDT
BofA/Merrill analysts led by Doug Leggate upgraded Marathon Oil to Buy and raised its price target to $21 from $20 following an upgrade of the Energy Sector to Overweight by the commodity strategist team. The analyst expects growth to resume in 2017 with the additions of the STACK and sees catalysts from an improved balance sheet outlook following disposals,and increased capital flexibility.
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