Soleil Securities Maintains a 'Hold' on Frontier Oil (FTO); Lowers PT & Estimates
More News related to FTO
- Frontier Oil Plans Earnings Release and Conference Call February 25
- Notable Analyst Rating Changes: MS, BA, UNH, INTC, UPL, FTO, More Upgraded; BMY, CHK, BSX, MELI, More Downgraded
- Morning Movers 01/04: BFRM, DPTR, CDII, KNDI Higher; MELI, EAT, ACL Lower
- Deutsche Bank Upgrades U.S. Refinery Stocks (DK, VLO, SUN, TSO, FTO, CVI)
- Soleil Securities Maintains a 'Hold' on Frontier Oil (FTO); Lowers PT & Estimates
More News related to Analyst Comments
- Morgan Stanley Says Buy Commodities on Recent Dip
- JPMorgan Close to Upgrading UAL, AMR, US Airways; Raises Estimates on UAL Following Traffic Results (UAUA, AMR, LCC, more)
- S&P Revises Credit Outlooks On BofA (BAC) and Citi (C) to Negative, Saying No More Free Govenment Handouts
- S&P Revises Outlook on Citigroup (C) from Stable to Negative
- Wedbush Maintains an 'Outperform' on Electronic Arts (ERTS); Lowers PT & Estimates
Soleil Securities maintains a 'Hold' on Frontier Oil (NYSE: FTO), lowers price target from $15 to $13.
Soleil analyst says, We are lowering our earnings estimates for Frontier for 2009 (from -$0.20/share to -$0.25/share) and 2010 (from $1.00/share to $0.85/share) due to lower refining margin forecasts...The NYMEX forward curve currently forecasts that refining margins (3-2-1) will only rise 5% in 2010, an additional 1% in 2011 before increasing by approximately 14% in 2012."
To see all the upgrades/downgrades on shares of FTO, visit our Analyst Ratings page.
Related Categories
Analyst CommentsStocks Mentioned
+0.22Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
