Analyst Actions: Tesoro Corp Upgraded, TP Raised $7 at Credit Suisse; Shares Rise 2%

Comment

Shutterstock photo

Tesoro Corporation ( TSO ) has been upgraded by analysts at Credit Suisse to an Outperform rating from Neutral. The price target on the stock was raised to $60 from $53 a share.

"TSO shares have underperformed the peers and remained broadly flat since August," said Credit Suisse. "While we don't have a crystal ball on the FTC approval of the acquisition of BP Carson City, we are reasonably hopeful the deal would close."

The firm has revised its 2013 and 2014 EPS estimates to $5.52 and $6.24 from $5.81 and $5.76 respectively.

Shares of TSO are up 2.2% to $40.86, in the high end of a 52-week range of $20.77 - $44.73.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Commodities


More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com