Shares of Tesoro (TSO) Trade up on Barclays Upgrade, Shares Look Undervalued
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Price: $99.53 --0%
Rating Summary:
17 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
17 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays Capital raised its rating on shares of Tesoro (NYSE: TSO) from Equalweight to to Overweight on July 6 as it raised its price target from $32 to $37.
The firm believes the company's restructuring will help it outperform refining peers over the next few years. Barclays also feels the company benefit from its recently developed logistics MLP vehicle.
Shares of TSO are currently trading up 2.33 percent or $0.54 to $23.69 ahead of the opening bell. An analyst at Barclays encourages investors to purchase shares of TSO as its recent under-performance allows for an attractive entry point.
The firm believes the company's restructuring will help it outperform refining peers over the next few years. Barclays also feels the company benefit from its recently developed logistics MLP vehicle.
Shares of TSO are currently trading up 2.33 percent or $0.54 to $23.69 ahead of the opening bell. An analyst at Barclays encourages investors to purchase shares of TSO as its recent under-performance allows for an attractive entry point.
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