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Morgan Stanley Upgrades Diamondback Energy, Valero Energy, Sees 'Sustained Rally' For Oil Stocks
Friday, December 11, 2020 - 11:42am | 666Read More...This year has been a historically brutal one for oil stocks, with a collapse in demand driven by COVID-19 travel restrictions and shutdowns pushing WTI crude oil prices briefly into negative territory for the first time in history. Yet the oil market has since stabilized, and one analyst said...
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Morgan Stanley Upgrades Refining Sector, Names Valero A Top Pick
Thursday, May 17, 2018 - 9:19am | 473Read More...The refining and marketing industry looks strong through 2020, according to Morgan Stanley. The firm upgraded the sector and named a new top pick. The Analyst Morgan Stanley’s Benny Wong upgraded his R&M industry view from In-Line to Attractive. Won upgraded Valero Energy Corporation (...
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Andeavor Downgraded By Morgan Stanley On Marathon Acquisition
Tuesday, May 8, 2018 - 9:54am | 401Read More...Andeavor (NYSE: ANDV) reported its first-quarter results after Monday's market close that featured a top- and bottom-line beat — but prompted Morgan Stanley to drop its bullish stance. The Analyst Morgan Stanley's Benny Wong downgraded Andeavor from Overweight to Equal-...
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Oil Refiner HollyFrontier Upgraded By Morgan Stanley Ahead Of Q1 Print, Summer Driving Season
Friday, April 13, 2018 - 8:51am | 401Read More...HollyFrontier Corp (NYSE: HFC) notched an upgrade Friday from Morgan Stanley on projections of elevated inventories and the likelihood of higher demand due to the summer driving season. The Analyst Analyst Benny Wong upgraded shares of HollyFrontier from Underweight to Equal-weight and...
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Delek Vs. PBF Energy: A New Pair Trade From Morgan Stanley
Thursday, January 11, 2018 - 3:00pm | 621Read More...Oil prices held up well in 2017, brightening the outlook for energy companies. Against this backdrop, Morgan Stanley recommends a pair trade in the U.S. refining sector. A pair trade is a market neutral strategy, which helps to make profits irrespective of how the market moves by taking...
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Suncor Energy About To Go Harvest Mode, Morgan Stanley Upgrades
Wednesday, November 2, 2016 - 1:06pm | 184Read More...Morgan Stanley analyst Benny Wong upgraded Suncor Energy Inc. (NYSE: SU) from Equal-Weight to Overweight. The key reason for the upgrade is Suncor’s de-emphasis on acquisitions, allowing the company and analysts to focus on existing projects rather than speculation. “Without the...
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Imperial Oil Is Already Trading At A Premium, Morgan Stanley Says In New Underweight Rating
Tuesday, April 5, 2016 - 10:46am | 228Read More...Morgan Stanley issued a note on Imperial Oil Ltd. (NYSE: IMO) after recent analysis saying that the firm is trading at a premium with expected returns that may outperform its peers. Analysts initiated coverage on the company with an Underweight rating and a $36 price target. Analysts Benny Wong...
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Morgan Stanley Says Encana Is 'Pulling The Trigger,' Upgrades To Overweight
Tuesday, April 21, 2015 - 7:22am | 254Read More...In a report published Tuesday, Morgan Stanley analyst Benny Wong upgraded shares of Encana Corporation (USA) (NYSE: ECA) to Overweight from Equal-weight with a price target raised to $18 from a previous $15 based on an improving asset base. According to Wong, Encana's asset base continues to...
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UPDATE: Morgan Stanley Maintains Overweight on Anadarko Petroleum After Supplemental Memorandum Submission
Tuesday, January 14, 2014 - 11:34am | 160Read More...In a report published Tuesday, Morgan Stanley analyst Benny Wong maintained an Overweight rating on Anadarko Petroleum Corporation (NYSE: APC). According to the report, recently, APC submitted its 502(h) claim and Supplemental Memorandum. Analysts believe the key element of the memo relates to the...
