Goldman Sachs Upgrades Tesoro Corporation (TSO) to Neutral

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Goldman Sachs upgraded Tesoro Corporation (NYSE: TSO) from Sell to Neutral with a price target of $27, suggesting 21% upside.

With the sell-off in the stock due to a pullback in West Coast crack spreads, shares are now trading near their estimated low-end trading value, improving its risk/reward despite the firm's continued less favorable view of California refining.

For an analyst ratings summary and ratings history on Tesoro Corporation click here. For more ratings news on Tesoro Corporation click here.

Shares of Tesoro Corporation closed at $23.64 yesterday, with a 52 week range of $17.43-$30.15.

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