Goldman Sachs Downgrades Tesoro Corporation (TSO) to Sell
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Price: $99.53 --0%
Rating Summary:
17 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
17 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs downgraded Tesoro Corporation (NYSE: TSO) from Neutral to Sell with a price target of $22, saying it has a less favorable risk/reward relative to our broad refining and integrated oils coverage group.
The firm notes the company is heavily exposed to West Coast refining margins, which they expect to remain under pressure in a lacklusterat-best economic environment.
For more ratings news on Tesoro Corporation click here and for the rating history of Tesoro Corporation click here.
Shares of Tesoro Corporation closed at $24.35 yesterday.
The firm notes the company is heavily exposed to West Coast refining margins, which they expect to remain under pressure in a lacklusterat-best economic environment.
For more ratings news on Tesoro Corporation click here and for the rating history of Tesoro Corporation click here.
Shares of Tesoro Corporation closed at $24.35 yesterday.
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