UBS Remains Constructive on Tesoro Corporation (TSO); Raising Numbers on Cali Expansion
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Price: $99.53 --0%
Rating Summary:
17 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
17 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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UBS maintains a 'Buy' on Tesoro Corporation (NYSE: TSO) price target of $46.00 (from $38.00).
Analyst, Craig Weiland, said, "Our 2013/14 EPS estimates increase to $4.00/$3.69 (from $3.47/$2.80) to reflect higher refining throughput volumes and retail segment earnings stemming from the expected closing of the Carson refinery acquisition in 3Q13. Our price target increases to $46 to reflect higher EBITDA."
Weiland keeps a Buy rating on shares despite the recent run up, saying the Carson acquisition implies attractive valuation. FY12 EPS estimate raised from $5.15 to $5.46 and FY13 from $3.47 to $4.00.
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 $38.87 yesterday.
Analyst, Craig Weiland, said, "Our 2013/14 EPS estimates increase to $4.00/$3.69 (from $3.47/$2.80) to reflect higher refining throughput volumes and retail segment earnings stemming from the expected closing of the Carson refinery acquisition in 3Q13. Our price target increases to $46 to reflect higher EBITDA."
Weiland keeps a Buy rating on shares despite the recent run up, saying the Carson acquisition implies attractive valuation. FY12 EPS estimate raised from $5.15 to $5.46 and FY13 from $3.47 to $4.00.
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 $38.87 yesterday.
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