Tesoro Logistics LP Stock Rating Upgraded by Credit Suisse (TLLP)
Tesoro Logistics LP (NASDAQ:TLLP) was upgraded by stock analysts at Credit Suisse from a “neutral” rating to an “outperform” rating in a report issued on Thursday, TheFlyOnTheWall.com reports.
Tesoro Logistics LP (NASDAQ:TLLP) traded up 0.96% on Thursday, hitting $53.37. 176,466 shares of the company’s stock traded hands. Tesoro Logistics LP has a 1-year low of $41.41 and a 1-year high of $71.92. The stock has a 50-day moving average of $50. and a 200-day moving average of $54.32. The company has a market cap of $2.507 billion and a P/E ratio of 34.04.
TLLP has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. upgraded shares of Tesoro Logistics LP from a “neutral” rating to a “buy” rating in a research note to investors on Friday, January 3rd. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Tesoro Logistics LP has an average rating of “Buy” and an average price target of $59.97.
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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