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Fly News Breaks for February 3, 2020
HES
Feb 3, 2020 | 06:19 EDT
Piper Sandler analyst Ryan Todd upgraded Hess Corp. to Overweight from Neutral with a price target of $77, up from $75. Within the Exploration and Production space, Hess offers a "truly unique investment case," both in terms of asset mix, its combination of growth and free cash flow generation, and long-term resource visibility, Todd tells investors in a research note. Further, the recent pullback in the shares provides a more attractive entry point, adds the analyst.
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