Andeavor (ANDV) Receives New Coverage from Analysts at J P Morgan Chase & Co
Equities researchers at J P Morgan Chase & Co assumed coverage on shares of Andeavor (NASDAQ:ANDV) in a research report issued on Friday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $121.00 price target on the stock. J P Morgan Chase & Co’s price objective indicates a potential upside of 9.83% from the company’s current price.
Several other research firms also recently weighed in on ANDV. Zacks Investment Research upgraded Andeavor from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a research note on Tuesday, October 10th. Barclays PLC reiterated an “overweight” rating and set a $121.00 price target (up previously from $118.00) on shares of Andeavor in a research note on Tuesday, October 10th. Evercore ISI upgraded Andeavor from an “in-line” rating to an “outperform” rating in a research note on Thursday. BidaskClub upgraded Andeavor from a “hold” rating to a “buy” rating in a research note on Saturday, October 7th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $101.00 target price on shares of Andeavor in a research note on Friday, October 13th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $116.63.
Andeavor (ANDV) traded up $0.44 during trading on Friday, reaching $110.17. The company’s stock had a trading volume of 1,145,960 shares.
TRADEMARK VIOLATION NOTICE: “Andeavor (ANDV) Receives New Coverage from Analysts at J P Morgan Chase & Co” was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/05/andeavor-andv-receives-new-coverage-from-analysts-at-j-p-morgan-chase-co.html.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bollard Group LLC acquired a new position in Andeavor in the 3rd quarter worth about $123,000. Edge Wealth Management LLC acquired a new position in Andeavor in the 3rd quarter worth about $128,000. TCI Wealth Advisors Inc. acquired a new position in Andeavor in the 3rd quarter worth about $191,000. Calamos Advisors LLC acquired a new position in Andeavor in the 3rd quarter worth about $211,000. Finally, Intact Investment Management Inc. acquired a new position in Andeavor in the 3rd quarter worth about $227,000.
Andeavor 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.
Receive News & Ratings for Andeavor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Andeavor and related companies with MarketBeat.com's FREE daily email newsletter.