Morgan Stanley Initiates Tesoro Logistics With Equalweight

Morgan Stanley initiated coverage on

with a Equalweight rating. The target price for Tesoro Logistics is set to $62. Tesoro Logistics shares have dropped 16.83 percent over the past 52 weeks, while the S&P 500 index has surged 10.60 percent in the same period. Tesoro Logistics' shares climbed 0.96 percent to close at $57.59 yesterday.