Argus Research Upgrades Marathon Oil to Buy, Announces $31 Price Target
Portfolio Pulse from Benzinga Newsdesk
Argus Research analyst Bill Selesky has upgraded Marathon Oil (NYSE:MRO) from Hold to Buy and set a price target of $31.

March 14, 2024 | 3:58 pm
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Marathon Oil upgraded from Hold to Buy by Argus Research with a $31 price target.
Upgrades by research firms, especially with a significant price target increase, typically lead to positive short-term price movements as they reflect a positive outlook on the company's future performance. This upgrade suggests that Argus Research sees strong potential in Marathon Oil, likely based on operational efficiencies, market position, or sector performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100