Deutsche Bank Upgrades Western Refining (WNR) to Buy; Diamond Age Runs
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Price: $36.18 --0%
Rating Summary:
4 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 10
Rating Summary:
4 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 10
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Deutsche Bank upgraded Western Refining (NYSE: WNR) to Buy.
Deutsche analyst says, "Into 2H 2011 we are clearly in a phase whereby the key question for our favoured Mid Con and Rockies refiners is how they handle excess cash piling up on their balance sheets. We think that a round of dividend increases, either regular or special, is inevitable. We are raising price targets on those refiners that are most exposed to this continued strength, namely Coffeyville, Western, and Delek (NYSE: DK). Western is raised to BUY.
For more ratings news on Western Refining click here and for the rating history of Western Refining click here.
Shares of Western Refining closed at $15.81 yesterday.
Deutsche analyst says, "Into 2H 2011 we are clearly in a phase whereby the key question for our favoured Mid Con and Rockies refiners is how they handle excess cash piling up on their balance sheets. We think that a round of dividend increases, either regular or special, is inevitable. We are raising price targets on those refiners that are most exposed to this continued strength, namely Coffeyville, Western, and Delek (NYSE: DK). Western is raised to BUY.
For more ratings news on Western Refining click here and for the rating history of Western Refining click here.
Shares of Western Refining closed at $15.81 yesterday.
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