Benchmark Reiterates Sell on Marathon Oil, Reduces PT to $23

Benchmark reiterated its Sell rating on Marathon Oil MRO. At the same time, the rating agency reduced its price target on the company's stock to $23. On Wednesday, Marathon Oil lost 3.7% of its value to end the day at $32.81. Its shares regained some of yesterday's losses in today's pre-market trading, however, after rising 0.4% to $32.94.