Credit Suisse Downgrades 5 US Refiners

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March 24, 2017 3:38 AM EDT
Get Alerts ALJ Hot Sheet
Price: $13.32 --0%

Rating Summary:
    2 Buy, 9 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 9 | Down: 10 | New: 15
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Analyst Edward Westlake changes his recommendation on 5 refiners citing a lacking desire to chase relative valuation as refiners rebalance.

  • Alon USA Energy (NYSE: ALJ) from Outperform to Neutral, PT $12 to $13
  • Calumet Specialty Products Partners (NASDAQ: CLMT) from Neutral to Underperform, PT $5 to $3
  • Delek US Holdings (NYSE: DK) from Outperform to Neutral, PT $28 to $26
  • Tesoro (NYSE: TSO) from Outperform to Neutral, PT $110 to $93
  • Western Refining (NYSE: WNR) from Outperform to Neutral, PT $48 to $40

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