| 2018-10-19 06:33:00|
MRO 06:33 10/19 10/19/18
Marathon Oil upgraded to Buy from Neutral at Mizuho
Mizuho analyst Paul Sankey upgraded Marathon Oil to Buy while lowering his price target for the shares to $27 from $28. The stock continues to trade at a discount to large-cap peers despite a "clear trajectory" for free cash flow growth and increasing cash return via share repurchase, Sankey tells investors in a research note. He thinks concerns about future execution in the Northern Delaware and Oklahoma are more than offset by valuation and core extension in both the Bakken and Eagle Ford.