Dahlman Rose Upgrades Western Refining (WNR) to Buy; Catalyst is Time
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Price: $36.18 --0%
Rating Summary:
4 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 3 | New: 2
Rating Summary:
4 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 3 | New: 2
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Dahlman Rose upgraded Western Refining (NYSE: WNR) from Hold to Buy with a price target of $25.00.
Analyst, Sam Margolin, said, "With the start up of Seaway and stability of Brent/WTI differentials in its aftermath, it is our view that the mid-con refiners have experienced an important catalyst. Uncertainty over the impact of the initial flows of Seaway has been a major overhang for the group, and while differential compression remains the primary risk to WNR shares, we believe the passage of the start up date represents an important psychological hurdle, despite the fact that July crudes currently trading should have already taken into account much of the impact."
For an analyst ratings summary and ratings history on Western Refining click here. For more ratings news on Western Refining click here.
Shares of Western Refining closed at $19.57 yesterday.
Analyst, Sam Margolin, said, "With the start up of Seaway and stability of Brent/WTI differentials in its aftermath, it is our view that the mid-con refiners have experienced an important catalyst. Uncertainty over the impact of the initial flows of Seaway has been a major overhang for the group, and while differential compression remains the primary risk to WNR shares, we believe the passage of the start up date represents an important psychological hurdle, despite the fact that July crudes currently trading should have already taken into account much of the impact."
For an analyst ratings summary and ratings history on Western Refining click here. For more ratings news on Western Refining click here.
Shares of Western Refining closed at $19.57 yesterday.
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