Analyst upgrades: TSO, HK, YGE, ESV, SOV, TSCO
Posted Jun 2nd 2008 11:22AM by Eric Buscemi
Filed under: Analyst Reports, Analyst Upgrades and Downgrades
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MOST NOTEWORTHY: Tesoro, Yingli Green Energy and Ensco were today's noteworthy upgrades:
- Deutsche Bank upgraded shares of Tesoro (NYSE: TSO) to Hold from Sell as they believe bankruptcy is not a "major danger" after meeting with management and that recent raise in indebtedness was due to rising working capital requirements combined with negative gasoline cracks.
- Citigroup raised Yingli Green Energy (NYSE: YGE) to Buy from Hold following the recent weakness to reflect the company's margin improvement and better visibility into 2009.
- Calyon upgraded shares of Ensco (NYSE: ESV) to Add from Neutral as they believe the company's increasing exposure to the deepwater market will drive earnings growth. The firm raised their target to $85 from $74.
OTHER UPGRADES:
Tags: esv, hk, sov, tsco, tso, upgrade, yge
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