Hess Corp. price target raised to $80 from $65 at Oppenheimer Oppenheimer increased its target on Hess to reflect the progress the company has made in executing its new strategic plan. Oppenheimer also cited an initiative by Elliott Associates to significantly increase its stake in the company nominate five board members, and take steps to raise the stock. The firm maintains an Outperform rating on Hess.
Hess Corp. downgraded to Equal Weight from Overweight at Morgan Stanley Morgan Stanley downgraded Hess to Equal Weight citing relative outperformance vs. Bakken names and another reduction in oil price forecasts and capex reductions. Price target lowered to $73 from $101.