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Stock Market & Financial Investment News

News Breaks
February 20, 2013
08:40 EDTMPC, VLO, TSOCoastal 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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April 22, 2014
10:00 EDTVLOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CommonWealth REIT (CWH) downgraded to Sell from Hold at Stifel... Del Frisco's (DFRG) downgraded to Market Perform from Outperform at Raymond James... Deutsche Bank (DB) downgraded to Neutral from Buy at UBS... Diageo (DEO) downgraded to Market Perform from Outperform at Raymond James... Eni SpA (E) downgraded to Neutral from Buy at UBS... Fidelity & Guaranty Life (FGL) downgraded to Neutral from Outperform at Credit Suisse... Frontier Communications (FTR) downgraded to Hold from Buy at Gabelli... QEP Resources (QEP) downgraded to Equalweight from Overweight at Barclays... Rogers Communications (RCI) downgraded to Sell from Hold at Canaccord... Rush Enterprises (RUSHA) downgraded to Underperform from Buy at BofA/Merrill... TSMC (TSM) downgraded to Neutral from Overweight at HSBC... Valero (VLO) downgraded to Neutral from Buy at BofA/Merrill... Wisconsin Energy (WEC) downgraded to Fair Value from Buy at CRT Capital... Zillow (Z) downgraded to Fair Value from Buy at CRT Capital... Zions Bancorp (ZION) downgraded to Equal Weight from Overweight at Evercore.
07:45 EDTVLOValero downgraded to Neutral from Buy at BofA/Merrill
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07:37 EDTTSO, VLOIncreased refiner exporting playing a role in high gas prices, WSJ says
Gasoline futures climbed a bit over 1% a gallon Monday and are up 11% for the year. While gasoline prices often rise ahead of summer, more gasoline being exported by refiners plays a "prominent" role in the current rally, said The Wall Street Journal, citing analysts. Publicly traded refiners include HollyFrontier (HFC), Marathon Oil (MRO), Phillips 66 (PSX), Tesoro (TSO), Valero (VLO) and Western Refining (WNR). Reference Link
April 21, 2014
10:01 EDTMPCOn The Fly: Analyst Downgrade Summary
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08:40 EDTMPCMarathon Petroleum downgraded to Outperform from Focus List at Howard Weil
April 17, 2014
09:00 EDTTSOTesoro falls 11.6%
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