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TSO Related Analyst Ratings

Mar 13, 2013 10:41 AM UPDATE: Macquarie Downgrades Valero Energy (VLO) to Neutral, Faces Risk From RIN Prices
Feb 11, 2013 09:30 AM BofA/Merrill Lynch Upgrades Tesoro Corporation (TSO) to Buy
Dec 14, 2012 11:24 AM Imperial Capital Upgrades Tesoro Corporation (TSO) to Outperform
Dec 13, 2012 07:07 AM Credit Suisse Upgrades Tesoro Corporation (TSO) to Outperform
Nov 16, 2012 06:45 AM Imperial Capital Starts Tesoro Corporation (TSO) at In-Line
Nov 13, 2012 01:46 PM Oppenheimer Sees Upside in Shares of Tesoro (TSO)
Aug 17, 2012 07:32 AM JPMorgan Starts Tesoro Corporation (TSO) at Overweight
Aug 14, 2012 01:08 PM UBS Remains Constructive on Tesoro Corporation (TSO); Raising Numbers on Cali Expansion
Aug 14, 2012 10:24 AM Canaccord Genuity Morning Coffee on Tesoro (TSO): California, Here I Come...
Aug 3, 2012 01:10 PM UBS Raises Estimates and PT on Tesoro Corporation (TSO); Highlights From Q2 Conference Call
Jul 30, 2012 03:03 PM Barclays on U.S. Independent Refiners: New Golden Age Emerging - Favorites TSO, VLO, MPC & PSX
Jul 24, 2012 07:58 AM BofA/Merrill Lynch Downgrades Tesoro Corporation (TSO) to Neutral
Jul 23, 2012 08:31 AM Tudor Pickering Upgrades ROSE, Downgrades DVN, CRZO, BRY, COG, Starts 7 Other Stocks
Jul 12, 2012 08:57 AM Howard Weill Upgrades Tesoro (TSO) to Outperform, Downgrades Marathon Petroleum (MPC) to Market Perform
Jul 11, 2012 05:51 PM Wells Fargo Starts Tesoro (TSO) at Outperform
Jun 20, 2012 11:58 AM Refining Stocks Outperform Energy Sector
Jun 20, 2012 07:36 AM Goldman Sachs Upgrades Tesoro Corporation (TSO) to Neutral
Jun 14, 2012 03:09 PM Barclays on U.S. Independent Refiners: Dept of Energy Inventory Analysis
Jun 11, 2012 04:55 PM Barclays on Energy & Power: Valuation and Price Performance of Major Oil & Independents
Jun 1, 2012 10:46 AM UPDATE: UBS Upgrades Tesoro Corporation (TSO) to Buy; Several Near and Mid-Term Catalysts
May 22, 2012 02:41 PM Barclays Excited About Tesoro Corp (TSO); Offers Very Attractive Buying Opportunity
May 15, 2012 02:34 PM Barclays on Energy & Power: 2011 Pension Fund Status of Major Oil Companies and Independent Refiners
May 10, 2012 06:57 AM BofA/Merrill Lynch Upgrades Tesoro Corporation (TSO) to Buy
Apr 27, 2012 12:33 PM Dahlman Rose Starts DK, TSO, VLO, HFC, MPC at Buy, WNR, ALJ at Hold
Mar 7, 2012 08:06 AM BofA/Merrill Lynch Upgrades Tesoro Corporation (TSO) to Neutral
Mar 1, 2012 02:57 PM Barclays on Global Energy Outlook: Oil Upside - Favor Upstream Biased Intergrated
Feb 17, 2012 03:22 PM UBS on U.S. Refining: Recommend Parking Cash on Sidelines - Downgrading HFC & VLO
Dec 13, 2011 11:39 AM Barclays 2012 Top Picks: Becoming Somewhat More Optimistic - Signs of Progress, Growth and Soft Landings
Dec 8, 2011 03:02 PM Barclays on U.S. Independent Refiners: PC Weekly DOE Inventory Analysis
Dec 7, 2011 01:18 PM Barclays Reiterates an 'Overweight' on Tesoro (TSO); Investor Day Update
Dec 6, 2011 07:31 AM Credit Suisse Downgrades Tesoro Corporation (TSO) to Neutral
Dec 6, 2011 07:10 AM Tesoro (TSO) Named a Short Research Tactical Idea at Morgan Stanley
Dec 5, 2011 02:16 PM Barclays on Independent Refiners: Weekly Valuation and Price Performance
Dec 1, 2011 03:08 PM Barclays maintains 'Overweight' Tesoro (TSO); Analyst Day Preview - Key Focus Points
Nov 29, 2011 01:33 PM Barclays on U.S. Independent Refiners: PC Weekly R&M Margin Analysis
Nov 22, 2011 02:09 PM Benchmark Raises Price Target on Tesoro Corp (TSO) Due to Stronger Earnings
Nov 15, 2011 08:31 AM RBC Capital Downgrades Tesoro Corporation (TSO) to Sector Perform
Nov 11, 2011 02:16 PM
Nov 9, 2011 02:12 PM Barclays Maintains an 'Equalweight' on HollyFrontier (HFC); Good Quarter, but no Upside Surprise
Nov 7, 2011 02:28 PM Barclays Maintains an 'Equalweight' on Delek US (DK); Relatively Disappointing 3Q
Nov 7, 2011 02:06 PM Barclays Reiterates an 'Underweight' on Alon USA Energy (ALJ); 46% 1 day Gain Excessive
Nov 4, 2011 01:58 PM UBS Maintains a 'Neutral' on Tesoro Corporation (TSO); Raising Estimates on 3Q Beat/4Q Guidance
Nov 1, 2011 09:25 AM UPDATE - Global Hunter Securities Initiates Coverage on Tesoro Corp (TSO) with a Buy; Yield Enhancement is the Biggest Needle Mover
Nov 1, 2011 09:05 AM Global Hunter Securities Starts Tesoro Corporation (TSO) at Buy
Oct 31, 2011 03:11 PM Barclays Maintains an 'Overweight' on Tesoro Corp (TSO); 3Q11 Preview: Expect $1.87
Oct 12, 2011 12:47 PM Barclays Maintains an 'Equalweight' on Delek US (DK); Acquires Remaining 11.7% Interest in Lion Oil
Sep 15, 2011 03:23 PM Barclays on Energy: EPS Revised To Reflect Updated Macro Assumptions
Sep 9, 2011 07:19 AM Goldman Sachs Downgrades Tesoro Corporation (TSO) to Sell
Aug 31, 2011 07:18 AM RBC Capital Upgrades Tesoro Corporation (TSO) to Outperform
Aug 24, 2011 07:07 AM Benchmark Upgrades Tesoro Corporation (TSO) to Buy; Improved Earnings Outlook

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