ISI Group analyst Doug Terreson raised Hess Corp.'s HES PT from $80 to $92.
After a “positive” meeting with CEO John Hess, Terreson noted that surplus funds are substantial in 2013-2015 and are expected to rise to $6-7B. The analyst is confident in major operating, strategic, and financial incentives success.
In a report on Tuesday, Societe Generale downgraded Hess Corp.'s rating from buy to hold. ISI Group's note maintained optimism after their meeting with Hess and their $92 PT remains ahead of the average PT of $85.
Hess shares are up 51% YTD. HES closed at $79.96 on Wednesday.
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