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Deutsche Bank Upgrades Statoil ASA (STO) to Buy

September 2, 2014 8:19 AM EDT
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Price: $27.14 --0%

Rating Summary:
    6 Buy, 12 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Deutsche Bank upgraded Statoil ASA (NYSE: STO) from Hold to Buy.

Analyst Mark Bloomfield said, "After a pull back in the share price and with valuation looking less demanding, we believe the combination of exposure to Euro gas, leverage to crude and near-term exploration catalysts point to potential 12-month outperformance."

For an analyst ratings summary and ratings history on Statoil ASA click here. For more ratings news on Statoil ASA click here.

Shares of Statoil ASA closed at $28.39 yesterday.



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