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Fly News Breaks for October 15, 2018
MRO
Oct 15, 2018 | 07:17 EDT
BMO Capital analyst Phillip Jungwith upgraded Marathon Oil to Outperform from Market Perform and kept his $25 price target, citing the recent broader market pullback, expectations for a strong 2018 second half execution, and differentiated free cash flow / "competitive production growth" in 2019. The analyst also notes his recent meetings with the company's management, which have added to his confidence in Marathon Oil's ability to balance free cash flow deployment with shareholder returns.
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