Goldman Sachs Downgrades Marathon Oil (MRO) to Neutral
Tweet
Share
E-mailGet Alerts MRO Hot Sheet
Price: $27.74 --0%
Rating Summary:
24 Buy, 17 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 15 | New: 3
Rating Summary:
24 Buy, 17 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 15 | New: 3
Join SI Premium – FREE
Goldman Sachs downgraded Marathon Oil (NYSE: MRO) from Buy to Neutral with a price target of $30 (up from $29).
The firm sees less compelling upside following its recent share price recovery. Goldman hasn't changed their fundamental view regarding Marathon's E&P business and believe the company is headed in the right direction as it grows new "shale" opportunities with ongoing operations in the oil sands and internationally.
For an analyst ratings summary and ratings history on Marathon Oil click here. For more ratings news on Marathon Oil click here.
Shares of Marathon Oil closed at $27.67 yesterday.
The firm sees less compelling upside following its recent share price recovery. Goldman hasn't changed their fundamental view regarding Marathon's E&P business and believe the company is headed in the right direction as it grows new "shale" opportunities with ongoing operations in the oil sands and internationally.
For an analyst ratings summary and ratings history on Marathon Oil click here. For more ratings news on Marathon Oil click here.
Shares of Marathon Oil closed at $27.67 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JPMorgan Downgrades Boyd Gaming (BYD) to Neutral
- Stifel Downgrades Caterpillar (CAT) to Hold
- JPMorgan Downgrades Monster Beverage (MNST) to Neutral, 'Cost Pressures and Weaker Low-end Consumer'
Create E-mail Alert Related Categories
Downgrades, Hot DowngradesRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
