UBS Raises Estimates and PT on Tesoro Corporation (TSO); Highlights From Q2 Conference Call
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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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UBS maintains a 'Buy' on Tesoro Corporation (NYSE: TSO) price target of $38.00 (from $33.00).
Analyst, Craig Weiland, Highlighted 2Q conference call: 1) TSO’s $0.12/share quarterly dividend will be reviewed periodically—in our view, a signal future increases are on the horizon; 2) share repos under its new $500MM authorization will be made opportunistically, with no definitive time period outlined for accelerated repurchases; 3) Hawaii refinery assets have received an encouraging level of interest and a sale by year-end looks likely; 4) retail ops are viewed as strategic segment with no consideration being paid to a separation."
FY12 EPS estimate raised from $4.35 to $5.15 and FY13 from $3.45 to $3.47.
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 $31.79 yesterday.
Analyst, Craig Weiland, Highlighted 2Q conference call: 1) TSO’s $0.12/share quarterly dividend will be reviewed periodically—in our view, a signal future increases are on the horizon; 2) share repos under its new $500MM authorization will be made opportunistically, with no definitive time period outlined for accelerated repurchases; 3) Hawaii refinery assets have received an encouraging level of interest and a sale by year-end looks likely; 4) retail ops are viewed as strategic segment with no consideration being paid to a separation."
FY12 EPS estimate raised from $4.35 to $5.15 and FY13 from $3.45 to $3.47.
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 $31.79 yesterday.
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