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Stock Market & Financial Investment News

News Breaks
February 20, 2013
08:40 EDTTSO, VLO, MPCCoastal refiners outlook more favorable for 2013, says Wells Fargo
Wells Fargo is generally upbeat on the refining sector but believes that inland differentials will decline as 2013 unfolds, and thus favors coastal refiners Marathon Petroleum (MPC), Valero Energy (VLO), and Tesoro (TSO). The firm increased its valuation range on Marathon to $100-$104 from $87-$91, on Valero to $54-$56 from $50-$52, and on Tesoro to $71-$74 from $62-$64. The firm maintains Outperform ratings on all three stocks.
News For MPC;VLO;TSO From The Last 14 Days
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May 27, 2015
10:01 EDTTSO, MPCOn The Fly: Analyst Upgrade Summary
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06:18 EDTVLO, TSO, MPCOppenheimer 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.
06:14 EDTVLOValero price target raised to $70 from $65 at Oppenheimer
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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.
06:12 EDTMPCMarathon Petroleum upgraded to Outperform from Perform at Oppenheimer
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May 19, 2015
13:34 EDTMPCU.S. settles with Marathon Petroleum over air emissions
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May 18, 2015
09:46 EDTMPCMPLX enters common unit sales agreement for up to $500M
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May 15, 2015
06:01 EDTVLOValero remains a top pick at Goldman
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