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Tesoro Logistics LP (NASDAQ:TLLP) was upgraded by Bank of America Corp. to a “buy” rating in a research note issued on Friday, AR Network reports.

Tesoro Logistics LP (NASDAQ:TLLP) opened at 51.70 on Friday. Tesoro Logistics LP has a one year low of $41.26 and a one year high of $71.92. The stock has a 50-day moving average of $50.78 and a 200-day moving average of $54.49. The company has a market cap of $2.429 billion and a price-to-earnings ratio of 33.70.

Several other analysts have also recently commented on the stock. Analysts at Howard Weil initiated coverage on shares of Tesoro Logistics LP in a research note to investors on Monday, December 2nd. They set an “outperform” rating and a $61.00 price target on the stock. Separately, analysts at MLV Capital initiated coverage on shares of Tesoro Logistics LP in a research note to investors on Monday, December 2nd. They set a “buy” rating and a $65.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Tesoro Logistics LP in a research note to investors on Monday, November 18th. They now have a $60.00 price target on the stock, up previously from $59.00. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $59.79.

Tesoro Logistics LP is a fee-based Delaware limited partnership formed by Tesoro Corporation (NASDAQ:TLLP) to own, operate, develop and acquire crude oil and refined products logistics assets.

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