ISI Group Raised Hess Corporation's PT Based on Optimistic Meeting with CEO

by Benzinga Staff
October 3, 2013 4:00 PM | 1 min read

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

ISI Group analyst Doug Terreson raised Hess Corp.'s (NYSE: 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.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

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Posted In: Analyst ColorAnalyst RatingsDoug TerresonISI GroupSociete Generale

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