Deutsche Bank Upgrades Statoil ASA (STO) to Buy
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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
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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