J.P. Morgan Maintains Neutral Rating On Marathon Oil

According to J.P. Morgan, Marathon Oil MRO Neurtral rating is maintained. J.P. Morgan said that it is updating its estimates and price target for MRO following the company's corporate split. “We have also adjusted our YE2011 price target to $35/share, reflecting the value of the upstream businesses (E&P, oil sands mining, and integrated gas) and updated post-split cash and debt balances. We include a summary DCF model of MRO's upstream operations on page 2 of this report.” Marathon Oil closed yesterday at $32.01.