UPDATE: Goldman Sachs Upgrades Tesoro to Buy

Earlier today, Goldman Sachs upgraded Tesoro TSO from a Sell to a Neutral rating and gives it a $27 price target. Goldman Sachs Notes, “We have upgraded Tesoro shares to Neutral from Sell, with the shares now showing 21% upside to our $27 six- month target price following recent underperformance. Since being added to the Sell List on September 8, 2011, Tesoro share are -2.9% versus +14.5% for the S&P 500 and -1.7% for the XLE. Over the last 12 months, Tesoro shares are +13.3% versus +6.8% for the S&P 500.” TSO closed at $23.64 yesterday.