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Marathon Oil's (MRO) target price is raised to $40 from $35 by Oppenheimer, which the firm...

Marathon Oil's (MRO) target price is raised to $40 from $35 by Oppenheimer, which the firm thinks could prove conservative given attractive valuation and an improving outlook. CEO Clarence Cazelot recently reiterated MRO's strategy of 5-7% annual production growth through oil-focused investments while maintaining capital discipline, financial flexibility and a top dividend yield.
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