UPDATE: BofA Securities Upgrades Marathon Oil (MRO) to Neutral
- S&P 500 ends higher as markets weigh rising yields, upbeat corporate results
- Meta Platforms reports softer Q2 revenue guidance on plans to boost spending on AI
- IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
- Equities mixed as investors eye earnings; yen on intervention watch
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- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Hasbro (HAS) brand strength sees earnings top expectations
- IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
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UPDATE: Morgan Stanley Upgrades Marathon Oil (MRO) to Equalweight
June 18, 2021 2:23 AM EDT(Updated - June 18, 2021 2:47 AM EDT)
Morgan Stanley analyst Devin McDermott upgraded Marathon Oil (NYSE: MRO) from Underweight to Equalweight with a price target of $15.00 (from $12.00).
The analyst comments "Our prior UW thesis was underpinned by MROs shorter inventory life,exposure to Dakota Access... More