Tesoro Logistics LP Rating Lowered to Neutral at Merrill Lynch (TLLP)
Tesoro Logistics LP (NASDAQ: TLLP) traded down 0.31% on Wednesday, hitting $54.28. Tesoro Logistics LP has a 52-week low of $29.25 and a 52-week high of $56.63. The stock’s 50-day moving average is currently $48.36. The company has a market cap of $2.471 billion and a price-to-earnings ratio of 32.16.
TLLP has been the subject of a number of other recent research reports. Analysts at Bank of America downgraded shares of Tesoro Logistics LP from a buy rating to a neutral rating in a research note to investors on Wednesday. They now have a $55.00 price target on the stock, up previously from $50.00. Separately, analysts at Credit Suisse downgraded shares of Tesoro Logistics LP from an outperform rating to a neutral rating in a research note to investors on Wednesday. They now have a $53.00 price target on the stock, up previously from $49.00. Finally, analysts at RBC Capital raised their price target on shares of Tesoro Logistics LP from $50.00 to $52.00 in a research note to investors on Wednesday, February 13th. They now have an outperform rating on the stock.
Seven research analysts have rated the stock with a buy rating, and two have assigned a hold rating to the company’s stock. Tesoro Logistics LP currently has a consensus rating of buy and an average price target of $52.88.
Tesoro Logistics LP is a fee-based Delaware limited partnership formed by Tesoro Corporation (Tesoro) to own, operate, develop and acquire crude oil and refined products logistics assets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.