J.P. Morgan Maintains Neutral Rating On Marathon Oil

According to J.P. Morgan, Marathon Oil MRO Neutral rating is maintained. J.P. Morgan said that it is updating its valuation allocation for N-rated MRO ahead of the 30 June corporate split. “We have left our earnings estimates and our $55/share YE 2011 price target unchanged, reflecting our outlook for the consolidated MRO. With our price target implying 9% potential upside, we maintain our Neutral rating on MRO.” Marathon Oil closed on Friday at $50.59.