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Fly News Breaks for January 13, 2020
MRO
Jan 13, 2020 | 05:13 EDT
BMO Capital analyst Phillip Jungwirth downgraded Marathon Oil to Market Perform from Outperform with a price target of $14, up from $13. The analyst cites a less competitive debt-adjusted growth outlook, relative inventory depth, and higher net asset value implied oil price for the downgrade. While Marathon's historical execution has been solid, its go-forward outlook is "less differentiated," Jungwirth tells investors in a research note.
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