Marathon Oil Corporation (NYSE: MRO) shares are trading higher by 3.6% at $13 after BofA Securities analyst Doug Leggate upgrades from Underperform to Neutral.
Crude oil prices hit multi-year highs this week above $70 pre barrel on optimism surrounding summer reopening and travel demand.
On Friday, one Wall Street analyst adjusted his oil stock coverage ahead of what could be a big summer for oil stocks.
The Analyst: Morgan Stanley analyst Devin McDermott issued the following oil stock rating changes:
Marathon Oil Corporation (NYSE: MRO) shares are trading higher by 1.4% at $13.54 Thursday morning after RBC Capital upgraded the company's stock from Sector Perform to Outperform and raised its price target from $14 to $18.