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.
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