Tesoro upgraded to Outperform from Neutral at Credit Suisse Credit Suisse upgraded Tesoro based on expectations the BP Carson City deal will close, long-term EBITDA, and a seasonal recovery in West Coast cracks. Price target raised to $60 from $53.
JPMorgan to hold a conference Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 24 at 7:40 am; not all company presentations may be webcasted. Webcast Link
Valero upgraded to Conviction Buy from Neutral at Goldman Goldman Sachs upgraded Valero to Conviction Buy citing the company's "compelling: turnaround story. Goldman raised its price target for shares to $69 from $61. The firm coupled the upgrade with a downgrade of Tesoro (TSO) to Neutral from Conviction Buy.