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Howard Weil Upgrades Hess (HES) to Market Outperform, Downgrades Forest Oil (FST) to Market Perform

September 22, 2010 11:27 AM EDT Send to a Friend
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Price: $92.15 -2.3%

Rating Summary:
    12 Buy, 16 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 12 | New: 33
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An analyst at Howard Weil is seemingly offering a pair trade this morning, upgrading shares of Hess Corp. (NYSE: HES) while at the same time downgrading Forest Oil (NYSE: FST) shares.

The firm now rates Hess a Market Outperform, up from Market Perform previously, and Forest Oil a Market Perform, down from the prior rating of Market Outperform. Howard Weil also adjusted price targets on the stocks: HES went from $78 to $73 and FST went from $39 to $34.

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