Tesoro Corporation (ANDV) Stock Rating Reaffirmed by J P Morgan Chase & Co
Tesoro Corporation (NYSE:ANDV)‘s stock had its “overweight” rating reaffirmed by investment analysts at J P Morgan Chase & Co in a report issued on Friday. They currently have a $121.00 price objective on the oil and gas company’s stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 10.68% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the company. Evercore ISI upgraded Tesoro Corporation from an “in-line” rating to an “outperform” rating in a report on Thursday. BidaskClub cut Tesoro Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Royal Bank Of Canada restated a “hold” rating and set a $100.00 price target on shares of Tesoro Corporation in a report on Thursday, July 20th. Citigroup Inc. increased their price target on Tesoro Corporation from $104.00 to $109.00 and gave the stock a “buy” rating in a report on Monday, July 17th. Finally, Zacks Investment Research upgraded Tesoro Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 14th. Four investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $110.47.
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Tesoro Corporation Company Profile
Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.
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