Deutsche Bank Upgrades Marathon Oil Corporation (MRO) to Buy; Split it and MLP it - Could Release

Article Stock Quotes (2) Comments (0)

Deutsche Bank upgraded Marathon Oil Corporation (NYSE: MRO) to Buy. PT raised to $50.

Deutsche analyst says, "Our second annual Boston refining conference strongly supported the mega-themes we have identified in our "Diamond Age" US refining thesis: strong product exports from strong emerging market and recovering OECD demand, growing North American oil supply providing discounted crudes, cheap natgas lowering opex; overall rising free cash flow. We are upgrading margin and earnings forecasts across the group. Marathon has lagged, is cheaper than Valero (NYSE: VLO) and fits all our themes."

For more ratings news on Marathon Oil Corporation Common click here and for the rating history of Marathon Oil Corporation Common click here.

Shares of Marathon Oil Corporation Common closed at $38.63 yesterday, with a 52 week range of $27.64-$38.73.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Cantor Fitzgerald Upgrades Cubist Pharmaceuticals (CBST) to Hold
• NetApp (NTAP) Post Solid Q4, Numbers Bumped - Needham & Company
• CST Brands Files First Quarter 2013 Form 10-Q

Create E-mail Alert Related Categories

Upgrades

Related Entities

Deutsche Bank, Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?