Tesoro Rebound To Continue, Stock To Post Double-Digits Returns: Vetr

Shares of Tesoro Corporation TSO have lost more than 21.8 percent year-to-date. However, they have managed to recuperate more than 17.8 percent since early July lows.

The Vetr crowd seems to believe the rebound will continue, as evidenced by its average price target of $91.75, which implies a potential return of roughly 11 percent from current valuations.

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Seeking to better reflect the larger upside potential, the Vetr crowd has upgraded its rating on shares of Tesoro on Tuesday, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) – out of a possible 5 Stars rating.

It should be noted that, in accordance with the new score, 88 percent of the crowd’s ratings are bullish at the time.