Market Overview

UPDATE: Morgan Stanley Upgrades Questar Corporation to Equal-Weight on Oil Pipeline Value Potential

Related STR
Jefferies Warns Of 'The Price Of Uncertainty,' Downgrades Questar To Hold
Top 4 NYSE Stocks In The Gas Utilities Industry With The Highest Profit Margin

Morgan Stanley upgraded Questar Corporation (NYSE: STR) from Underperform to Equal-weight and announced a $26.00 price target.

Morgan Stanley commented, "STR has initiated a strategic review of two of its pipeline assets: Overthrust and Southern Trails. We analyzed the Southern Trails pipeline, which could be converted from gas use to oil in order to transport crude oil from the Permian (West Texas) to Southern California. As part of its strategic review, we believe STR may be considering all options to create value. We focused on: 1) conversion and operation of the line, 2) joint venture partnership, and 3) outright pipeline sale. We note that discussions are in a preliminary stage and we expect to have more clarity following STR's earnings call."

Questar Corporation closed at $23.52 on Friday.

Latest Ratings for STR

Aug 2015JefferiesDowngradesBuyHold
Jun 2015JefferiesUpgradesHoldBuy
Apr 2014Bank of AmericaInitiates Coverage onUnderperform

View More Analyst Ratings for STR
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Upgrades Analyst Ratings


Related Articles (STR)

Get Benzinga's Newsletters