Marathon Oil Upgraded To Overweight From Neutral At Piper Jaffray
Piper Jaffray analyst Guy Baber upgraded Marathon Oil (MRO) to Overweight saying the story has improved with the equity offering and non-core asset sales.
The analyst raised his price target for the shares to $16 from $14, which represents 25% upside potential. Suncor (SU) remains Baber's top pick in the Major Oils space with 40% upside potential to his $40 price target.
Disclosure: None.