Marathon Oil price target lowered to $27.61 from $29 at Scotiabank

Scotiabank lowered the firm’s price target on Marathon Oil (MRO) to $27.61 from $29 and keeps a Sector Perform rating on the shares. The firm believes the company’s results will have a neutral impact on near-term share price performance, the analyst tells investors. Additionally, the firm believes the market will remain focused on the pending acquisition by COP (COP).