OVV - Occidental Marathon Oil upgraded at Morgan Stanley with 'more room to run'

anatoliy_gleb/iStock via Getty Images Occidental Petroleum ([[OXY]] +1.3%) and Marathon Oil ([[MRO]] -1%) are upgraded at Morgan Stanley, which says both stocks offer compelling valuation even with the sharp rise in oil prices. The firm raises Occidental to Overweight from Equal Weight with a $40 price target, raised from $32, as the stock offers "one of the more differentiated rate of change stories with its high quality upstream assets, above average FCF/equity yield of 17%, and unique position in a lower carbon energy future through OXY Low Carbon Ventures." Marathon Oil is well positioned to return free cash flow to shareholders, the firm says, upping shares to Equal Weight from Underweight with a $15 price target, hiked from $12. In its sector ratings shuffle, Morgan Stanley downgrades EQT ([[EQT]] -3.7%), Cimarex Energy ([[XEC]] -0.9%) and Devon Energy ([[DVN]] -1.8%) to Equal Weight from Overweight. Morgan Stanley's top E&P picks are ConocoPhillips

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Occidental, Marathon Oil upgraded at Morgan Stanley with 'more room to run'