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In a report published Thursday, Morgan Stanley analyst Evan Calio reiterated an Equal-Weight rating and $65.00 price target on
TesoroTSO.
In the report, Morgan Stanley noted, “TSO reported 4Q13 EPS of $0.04 vs. MS /Street at $0.32/$0.30. Given weaker spot margins and an earnings miss vs. 4Q13 beats ‘til now, we expect underperformance. We are 38% below Street for ‘14 partially driven by low PADD5/PADD 2 turnarounds.”
Tesoro closed on Wednesday at $49.95.
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