Breaking News Instant updates and real-time market news.

VLO

Valero

$114.98

-0.1 (-0.09%)

, MPC

Marathon Petroleum

$76.75

-0.53 (-0.69%)

08:11
05/17/18
05/17
08:11
05/17/18
08:11

Morgan Stanley upgrades Valero ahead of expected 'golden age' of refining

As previously reported, Morgan Stanley analyst Benny Wong upgraded Valero (VLO) to Overweight from Equal Weight, stating that recent underinvestment in refining, slippages in capacity additions and overdone concerns on long-term demand have set the stage for refining to enter a "golden age" through 2020. While the world is falling short by about one refinery annually until 2020, jet fuel, mining, chemicals and heavy transport demand are "here to stay," argues Wong and his team at the firm. The shift in global oil supply towards light oil and regulations to control pollution should drive outsized returns for complex refiners, added the analyst, who called Valero and Marathon Petroleum (MPC) his top U.S. picks in the space. Wong raised his price target on Valero to $140 from $110 and increased his target on Marathon to $100 from $90.

VLO

Valero

$114.98

-0.1 (-0.09%)

MPC

Marathon Petroleum

$76.75

-0.53 (-0.69%)

  • 22

    May

  • 12

    Jun

VLO Valero
$114.98

-0.1 (-0.09%)

05/10/18
SBSH
05/10/18
UPGRADE
Target $22
SBSH
Buy
CVR Refining upgraded to Buy from Neutral at Citi
Citi analyst Prashant Rao upgraded CVR Refining (CVRR) to Buy with a $22 price target. Midland crude differentials are poised to hit $15, and Permian-focused refiners stand to make outsized cash flow gains, Rao tells investors in a research note. The analyst also reiterates a Buy rating on Valero (VLO) and raised his price target on the shares to $129. He calls Marathon Petroleum (MPC) his new top Refining pick with a $95 price target.
05/10/18
ARGS
05/10/18
NO CHANGE
Target $130
ARGS
Buy
Valero price target raised to $130 from $99 at Argus
Argus analyst Bill Selesky raised his price target on Valero to $130 and kept his Buy rating, saying the company continues to improve its operating efficiency while returning capital to shareholders through dividends and buybacks. Despite lowering his FY18 EPS view to $7.31 from $7.44 to reflect his expectations of reduced capacity utilization at 94% in FY18 vs 95% his prior forecast, the analyst also expects higher crude oil prices and expanding refining margins to produce FY19 EPS of $8.92 - up from his prior call of $8.18.
05/10/18
EDJN
05/10/18
UPGRADE
EDJN
Buy
Valero upgraded to Buy from Hold at Edward Jones
05/17/18
MSCO
05/17/18
UPGRADE
MSCO
Overweight
Valero upgraded to Overweight from Equal Weight at Morgan Stanley
MPC Marathon Petroleum
$76.75

-0.53 (-0.69%)

05/10/18
SBSH
05/10/18
DOWNGRADE
SBSH
Neutral
Andeavor downgraded to Neutral from Buy at Citi
Citi analyst Prashant Rao downgraded Andeavor (ANDV) to Neutral citing the proposed takeover by Marathon Petroleum (MPC). The analyst is constructive on the merger.
05/10/18
BOFA
05/10/18
UPGRADE
Target $95
BOFA
Buy
Marathon Petroleum upgraded to Buy on higher Brent outlook at BofA/Merrill
As previously reported, BofA/Merrill upgraded Marathon Petroleum to Buy from Neutral and raised its price target to $95 from $88. Leggate raised his long-term Brent price forecast to $65/bbl from $60/bbl and believes Marathon is poised to deliver solid free cash flow and growth in 2018, easily reaching growth targets. The analyst sees upside in the Bakken and views it as a catalyst for improving oil margins, combined with a reemergence in Eagle Ford production differentials. Leggate also like Marathon's valuation, cash balance, and improved disclosures.
05/14/18
05/14/18
DOWNGRADE

Neutral
Andeavor downgraded to Neutral after takeover pact at JPMorgan
As previously reported, JPMorgan analyst Phil Gresh downgraded Andeavor (ANDV) to Neutral citing the proposed takeover by Marathon Petroleum (MPC).

TODAY'S FREE FLY STORIES

GE

General Electric

$12.67

-0.04 (-0.31%)

05:25
09/19/18
09/19
05:25
09/19/18
05:25
Hot Stocks
GE Transportation locomotives approved for operation by Indian Railways »

GE Transportation…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Sep

  • 27

    Sep

DCPH

Deciphera

$36.16

1.48 (4.27%)

, NVS

Novartis

$85.03

-0.1 (-0.12%)

05:21
09/19/18
09/19
05:21
09/19/18
05:21
Recommendations
Deciphera, Novartis, Blueprint Medicines analyst commentary  »

Piper recommends…

DCPH

Deciphera

$36.16

1.48 (4.27%)

NVS

Novartis

$85.03

-0.1 (-0.12%)

BPMC

Blueprint Medicines

$70.95

2.33 (3.40%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Sep

  • 01

    Oct

  • 27

    Nov

CLCT

Collectors Universe

$15.04

-0.26 (-1.70%)

05:14
09/19/18
09/19
05:14
09/19/18
05:14
Hot Stocks
Collectors Universe announces termination of COO David Hall »

Collectors Universe…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MB

Mindbody

$41.05

1 (2.50%)

05:12
09/19/18
09/19
05:12
09/19/18
05:12
Recommendations
Mindbody analyst commentary  »

Mindbody comments on…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ABBV

AbbVie

$92.60

-2.77 (-2.90%)

05:07
09/19/18
09/19
05:07
09/19/18
05:07
Recommendations
AbbVie analyst commentary  »

Piper more worried about…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

LYB

LyondellBasell

$102.16

-1.3 (-1.26%)

05:01
09/19/18
09/19
05:01
09/19/18
05:01
Downgrade
LyondellBasell rating change  »

LyondellBasell downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SSEZY

SSE

$0.00

(0.00%)

04:57
09/19/18
09/19
04:57
09/19/18
04:57
Upgrade
SSE rating change  »

SSE upgraded to Buy from…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ALLK

Allakos

$44.88

0.95 (2.16%)

04:55
09/19/18
09/19
04:55
09/19/18
04:55
Conference/Events
William Blair biotech analysts to hold an analyst/industry conference call »

Biotech Analysts, along…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Sep

04:55
09/19/18
09/19
04:55
09/19/18
04:55
Conference/Events
RBC Capital hardware analyst to hold a group luncheon »

Hardware & Semis…

WCN

Waste Connections

$80.19

0.745 (0.94%)

04:55
09/19/18
09/19
04:55
09/19/18
04:55
Conference/Events
Waste Connections participates in a conference call with UBS »

Analyst Windham holds a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Sep

04:55
09/19/18
09/19
04:55
09/19/18
04:55
General news
Breaking General news story  »

Week of 9/14 EIA…

HHC

Howard Hughes

$124.65

-0.88 (-0.70%)

04:55
09/19/18
09/19
04:55
09/19/18
04:55
Conference/Events
Howard Hughes management to meet with Compass Point »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Sep

BAESY

BAE Systems

$0.00

(0.00%)

04:55
09/19/18
09/19
04:55
09/19/18
04:55
Conference/Events
BAE Systems management to meet with Morgan Stanley »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Sep

  • 20

    Sep

  • 21

    Sep

  • 24

    Sep

04:55
09/19/18
09/19
04:55
09/19/18
04:55
General news
Housing Starts to be reported at 08:30 »

August Housing Starts…

NEE

NextEra Energy

$173.44

-0.41 (-0.24%)

04:55
09/19/18
09/19
04:55
09/19/18
04:55
Conference/Events
NextEra Energy management to meet with UBS »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Sep

  • 11

    Nov

RWT

Redwood Trust

$16.42

(0.00%)

04:55
09/19/18
09/19
04:55
09/19/18
04:55
Conference/Events
Redwood Trust management to meet with Compass Point »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Sep

  • 20

    Sep

AMSF

Amerisafe

$63.80

-0.35 (-0.55%)

04:55
09/19/18
09/19
04:55
09/19/18
04:55
Conference/Events
Amerisafe management to meet with SunTrust »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Sep

NHI

National Health Investors

$76.47

-1.07 (-1.38%)

04:55
09/19/18
09/19
04:55
09/19/18
04:55
Conference/Events
National Health Investors management to meet with JMP Securities »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Sep

AKTS

Akoustis

$8.08

0.04 (0.50%)

04:55
09/19/18
09/19
04:55
09/19/18
04:55
Conference/Events
Akoustis management to meet with Oppenheimer »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Sep

  • 20

    Sep

NICE

Nice Systems

$115.64

-0.61 (-0.52%)

04:55
09/19/18
09/19
04:55
09/19/18
04:55
Conference/Events
Nice Systems management to meet with Jefferies »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Sep

GCI

Gannett

$9.92

0.135 (1.38%)

04:55
09/19/18
09/19
04:55
09/19/18
04:55
Conference/Events
Gannett management to meet with Stephens »

Meetings to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Sep

  • 20

    Sep

ATTO

Atento

$7.60

-0.1 (-1.30%)

04:55
09/19/18
09/19
04:55
09/19/18
04:55
Conference/Events
Atento management to meet with Barrington »

Meeting to be held in New…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Sep

04:55
09/19/18
09/19
04:55
09/19/18
04:55
General news
Breaking General news story  »

Week of 9/14 MBA Mortgage…

04:55
09/19/18
09/19
04:55
09/19/18
04:55
General news
Housing Starts Permits to be reported at 08:30 »

August Housing Starts…

ESE

Esco Technologies

$67.00

-0.1 (-0.15%)

04:55
09/19/18
09/19
04:55
09/19/18
04:55
Conference/Events
Esco Technologies management to meet with B. Riley FBR »

Meeting to be held in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Sep

  • 06

    Nov

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.