Standpoint Research Downgrades Hess Corp. (HES) to Hold; Taking Profits

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Standpoint Research downgraded Hess Corp. (NYSE: HES) from Buy to Hold.

Analyst, Ronnie Moas, said, "July 23 recommendation HES is now up 29% for us and + 2000 bps versus the S&P-500; The shares remain attractive and below my $60 target for next year but I can no longer leave my highest rating attached to this name."

For an analyst ratings summary and ratings history on Hess Corp. click here. For more ratings news on Hess Corp. click here.

Shares of Hess Corp. closed at $54.78 yesterday, with a 52 week range of $39.67-$69.94.

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