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Stock Market & Financial Investment News

News Breaks
January 24, 2014
14:18 EDTTSO, AEGNAegion awarded maintenance contracts from Tesoro
Aegion (AEGN) announced that its subsidiary, Brinderson, L.P., has received a long term contract extension for work at the Los Angeles refinery operated by Tesoro Refining & Marketing Company (TSO). In addition, Tesoro renewed its contract with Brinderson for its Golden Eagle refinery in Martinez, California. The combined expected 2014 revenues, pending adherence to all performance and safety criteria per the contracts, are to be approximately $40M, with $20M of incremental revenue in 2014 to Brinderson.
News For AEGN;TSO From The Last 14 Days
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May 27, 2015
10:01 EDTTSOOn The Fly: Analyst Upgrade Summary
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06:18 EDTTSOOppenheimer upgrades refiners on favorable fundamentals
Oppenheimer upgraded to Outperform from Perform shares of HollyFrontier (HFC), Marathon Petroleum (MPC), Phillips 66 (PSX) and Tesoro (TSO) saying favorable industry fundamentals will continue to support higher valuations. Wide crude differential, low natural gas prices, growing refined product exports and improved petroleum demand should drive shares of refiners higher, Opco tells investors in a research note. The firm also raised its price target for Outperform rated Valero (VLO) to $70 from $65.
06:13 EDTTSOTesoro upgraded to Outperform from Perform at Oppenheimer
Oppenheimer upgraded Tesoro and other names in the Refining space saying favorable industry fundamentals will support higher valuations. The firm has a $105 price target for shares.

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