Goldman Said Buy Hess Corp (HES) On Yesterday's Weakness
More News related to HES
- Trading Radar for 10/28: First Solar (FSLR), ConocoPhillips (COP), WellPoint (WLP), Goodyear (GT), Int. Paper (IP) Report
- Hess Corp. (HES) Tops Q3 Views
- Hess Reports Estimated Results for the Third Quarter of 2009
- Bernstein Initiates Coverage on Hess Corp (HES) with a Market Perform
- Newfield Exploration Joins With Hess Corporation in Marcellus Shale Play
More News related to XLE
- Amex Energy Select (XLE) volatility low at 30; oil above $70
- Goldman Said Buy Hess Corp (HES) On Yesterday's Weakness
- Amex Energy Select (XLE) volatility low at 34; oil at $71
- Amex Energy Select (XLE) volatility low, oil above $68
- Shares of Freeport (FCX) Reverse and Turn Positive Amid Broader Market Weakness
More News related to Analyst Comments
- FBR Capital Upgrades Force Protection (FRPT) to Market Perform
- SunTrust Upgrades DigitalGlobe (DGI) to Buy
- Oppenheimer Upgrades Rackspace Hosting (RAX) to Outperform
- J.P. Morgan Upgrades Nordic American Tanker Shipping (NAT) to Neutral
- J.P. Morgan Upgrades tw telecom (TWTC) to Overweight
Goldman Sachs is telling clients to buy Hess Corporation (NYSE: HES) on yesterday's 8% sell-off, versus 1.6% downside in Energy Select Sector SPDR (NYSE: XLE), which was related to reports about the potential for ExxonMoble to sublet its West Polaris rig to Petrobras.
Goldman said the sell-off is considerably overdone and they are buyers on the dip.
The firm is maintaining their Buy rating and six-month price target of $85.
Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php
Related Categories
Analyst CommentsTrader Talk
Stocks Mentioned
+0.00Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
