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TOO

Teekay Offshore Partners

$1.42

0.07 (5.19%)

, TK

Teekay Corp.

$3.74

0.28 (8.09%)

07:46
01/22/19
01/22
07:46
01/22/19
07:46

Teekay Offshore Partners downgraded to Underweight at Morgan Stanley

As previously reported, Morgan Stanley analyst Fotis Giannakoulis downgraded Teekay Offshore Partners (TOO) to Underweight from Equal Weight, citing his lower oil price forecast and its impact on the Floating Production Storage and Offloading business. He sees lower oil prices putting pressure on its oil linked FPSO contracts and making redeployment of its assets more difficult, Giannakoulis tells investors. He cut his price target on Teekay Offshore Partners shares to $1 from $2.75 and also lowered his price target on Teekay Corporation (TK) to $3 from $6.50.

TOO

Teekay Offshore Partners

$1.42

0.07 (5.19%)

TK

Teekay Corp.

$3.74

0.28 (8.09%)

TOO Teekay Offshore Partners
$1.42

0.07 (5.19%)

02/12/18
02/12/18
UPGRADE
Target $2.5

Equal Weight
Teekay Offshore Partners upgraded to Equal Weight at Morgan Stanley
As previously reported, Morgan Stanley analyst Fotis Giannakoulis upgraded Teekay Offshore Partners to Equal Weight from Underweight with a $2.50, valuing its assets at a 20% premium of his market prices estimate after subtracting the net liabilities and the value of the outstanding preferred stock.
01/10/19
WELS
01/10/19
DOWNGRADE
WELS
Market Perform
Teekay Offshore Partners downgraded to Market Perform from Outperform at Wells Fargo
01/10/19
WELS
01/10/19
DOWNGRADE
Target $1.6
WELS
Market Perform
Teekay Offshore Partners downgraded to Market Perform at Wells Fargo
As previously reported, Wells Fargo analyst Michael Webber downgraded Teekay Offshore Partners to Market Perform from Outperform and lowered his price target on the shares to $1.60 from $3.25. While the analyst has previously viewed Teekay Offshore Partners as discount option value on a continued recovery in energy/crude, he believes the shift in macro dynamics simply limits the potential upside.
01/22/19
MSCO
01/22/19
DOWNGRADE
MSCO
Underweight
Teekay Offshore Partners downgraded to Underweight from Equal Weight at Morgan Stanley
TK Teekay Corp.
$3.74

0.28 (8.09%)

10/22/18
BOFA
10/22/18
INITIATION
Target $8
BOFA
Buy
Teekay Corp. initiated with a Buy at BofA/Merrill
BofA/Merrill analyst Melvin Shieh initiated Teekay Corp with a Buy and $8 price target. Shieh is bullish on Teekay's outlook saying he expects potential upside from secular growth of liquefied natural gas and petroleum gas, a recovery in product and crude tanker markets, and demand for energy commodities.

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