Deutsche Bank Upgrades Hess Corp. (HES) to Buy, Sees Operational Inflections
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Price: $148.97 --0%
Rating Summary:
19 Buy, 21 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
Rating Summary:
19 Buy, 21 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
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Deutsche Bank upgraded Hess Corp. (NYSE: HES) from Hold to Buy with a price target of $70.00 (from $52.00).
The firm comments, "We are upgrading Hess to BUY based on our view that the company is at a point of multiple positive operational inflections, further supported by the 2013 rally in inland crudes relative to international prices, yet remains one of the cheapest names in the group."
For an analyst ratings summary and ratings history on Hess Corp. click here. For more ratings news on Hess Corp. click here.
Shares of Hess Corp. closed at $55.02 yesterday.
The firm comments, "We are upgrading Hess to BUY based on our view that the company is at a point of multiple positive operational inflections, further supported by the 2013 rally in inland crudes relative to international prices, yet remains one of the cheapest names in the group."
For an analyst ratings summary and ratings history on Hess Corp. click here. For more ratings news on Hess Corp. click here.
Shares of Hess Corp. closed at $55.02 yesterday.
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