Bernstein Initiates Coverage on Hess Corp (HES) with a Market Perform

October 15, 2009 8:13 AM EDT

Bernstein initiates coverage on Hess Corp (NYSE: HES) with a Market Perform rating. Price target $62.

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Hess Corporation, together with its subsidiaries, engages in the exploration, development, production, purchase, transportation, and sale of crude oil and natural gas worldwide.


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