Tesoro (TSO) volatility flat into investor presentation
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Tesoro (NYSE: TSO) closed at $14.69. TSO reported better than expected EPS last night. TSO is hosting an analyst meeting this morning. Credit Suisse maintains its Neutral rating and $14 price target on TSO. WTI crude futures are recently down 0.11% to $79.34 according to Bloomberg. TSO December and January option implied volatility of 54 is near its six-month average of 56, according to Track Data, suggesting non-directional price fluctuations. Paul Foster
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