Marathon Oil (MRO -1.6%) is downgraded to Outperform with a target price cut to $33 from $39 by...

|About: Marathon Oil Corporation (MRO)|By:, SA News Editor

Marathon Oil (MRO -1.6%) is downgraded to Outperform with a target price cut to $33 from $39 by Howard Weil, which believes sentiment is working against oil levered E&P names in the collapsing crude environment. There's some execution risk too, as MRO essentially needs to add ~1,100 boepd/week of Eagle Ford production for the rest of the year to achieve targets.