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Actionable news in MRO: MARATHON OIL CORPORATION,

Marathon Oil (MRO) Stock Slides, Wells Fargo: Limited Upside Potential

NEW YORK (TheStreet) -- Marathon Oil Corp. (MRO - Get Report) shares are lower by 0.87% to $13.01 Wednesday afternoon following Wells Fargo's downgrade in a bearish note to investors this morning.

The firm lowered its rating to "market perform" from "outperform," citing limited upside potential to its updated valuation range and net asset value.

However, analysts did note that "Marathon is a shale play oriented oil & gas producer focused on maintaining financial flexibility and balance sheet strength to withstand today's challenging environment."

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