Referenced Stocks

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

By Midnight Trader,  December 13, 2012, 01:28:56 PM EDT

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 The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: TSO



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