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4 Reasons Why JPMorgan Upgraded ExxonMobil
Wednesday, January 13, 2021 - 11:53am | 246Read More...Exxon Mobil Corporation’s (NYSE: XOM) execution seems to have improved, JPMorgan said in a Wednesday upgrade. The 2021 consensus expectations are low, the company’s dividend yield is more secure and the stock valuation is reasonable, in the sell-side firm's view. The...
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'No Easy Way Out' For Occidental Petroleum, Says Bearish JPMorgan
Tuesday, August 13, 2019 - 1:25pm | 431Read More...Occidental Petroleum Corporation (NYSE: OXY) has seen its stock fall around 33% since announcing the acquisition of Anadarko — and investors shouldn't buy the dip, according to JPMorgan. The Analyst Phil Gresh resumed coverage of Occidental Petroleum with an Underweight rating...
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JPMorgan Upgrades Valero Energy, Sees Positive Outlook For Texas Gulf Coast Refiners
Tuesday, May 14, 2019 - 11:04am | 465Read More...JPMorgan is raising its second-quarter estimates for Valero Energy Corporation (NYSE: VLO) by about 13 percent to incorporate strong quarter-to-date trends and a fundamental outlook the sell-side firm said is better than in the past six months. The Analyst Phil Gresh upgraded Valero...
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Valero Energy Has Become A 'Show Me' Story Now
Friday, October 6, 2017 - 11:10am | 363Read More...JPMorgan said in a note Valero Energy Corporation (NYSE: VLO) has now become a "show me" story, but does that justify an upgrade? The firm says no, and downgraded shares of Valero Energy from Overweight to Neutral. However, this status did afford the stock an adjusted price target to the upside...
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Delek Holdings Downgraded At JPMorgan, Price Target Cut Following Sum Of The Parts Valuation
Monday, July 11, 2016 - 8:26am | 281Read More...The valuation and leverage combination of Delek US Holdings, Inc. (NYSE: DK) appears less compelling, JPMorgan’s Phil Gresh said in a report. He downgraded the rating for the company from Overweight to Neutral, while reducing the price target from $17 to $12. Delek Holdings has a “...
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PBF Energy Downgraded To Neutral At JPMorgan, Says Risk/Return Is 'Fair'
Monday, July 11, 2016 - 7:12am | 284Read More...The valuation and leverage combination of PBF Energy Inc (NYSE: PBF) appears less compelling, JPMorgan’s Phil Gresh said in a report. He downgraded the rating for the company from Overweight to Neutral, while reducing the price target from $33 to $21. “PBF is a unique acquisition...
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ConocoPhilips Gets First Upgrade Of The Year From JPMorgan
Monday, July 11, 2016 - 6:27am | 248Read More...ConocoPhillips (NYSE: COP) shares have lost 9 percent year-to-date. JPMorgan’s Phil Gresh upgraded the rating for the company from Underweight to Neutral, saying that the stock has been “a relative laggard” among peers year-to-date, despite having no downstream exposure and an...
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Occidental Petroleum Now Looks Fairly Valued; JPMorgan Lifts To $80
Monday, May 9, 2016 - 7:41am | 306Read More...JPMorgan’s Phil Gresh likes Occidental Petroleum Corporation (NYSE: OXY)'s “combination of offense and defense,” and mentioned that the stock valuation currently prices in the medium-term expectations. Gresh downgraded the rating on the company from Overweight to Neutral, while...
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Why PBF Energy Is JPMorgan's Top Refining Pick
Friday, April 8, 2016 - 10:11am | 260Read More...JPMorgan’s Phil Gresh believes there could be robust upside for PBF Energy Inc (NYSE: PBF), associated with asset integration and execution, following the completions of the Chalmette and Torrance acquisitions. The analyst initiated coverage of the company with an Overweight rating and $...
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JPMorgan Resumes Suncor Energy, Downgrades To Neutral
Tuesday, March 22, 2016 - 7:49am | 282Read More...JPMorgan’s Phil Gresh reinitiated coverage of Suncor Energy Inc. (USA) (NYSE: SU) with a Neutral rating and a price target of C$34. Bullish On Capital Allocation “Through its capital allocation approach, SU has clearly demonstrated its longer term positive view on oil markets,...
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JP Morgan Upgrades Valero Energy On Improved Outlook
Tuesday, January 13, 2015 - 4:00pm | 261Read More...Valero Energy Corporation (NYSE: VLO) will benefit from widening spread between light and heavy crude oil and an improved outlook, an analyst said Tuesday. JP Morgan's Phil Gresh upgraded Valero to Overweight, from Neutral and raised his target nearly 4 percent to $56 a share. At the same...
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UPDATE: JP Morgan Initiates Coverage On Chevron Corporation
Tuesday, September 23, 2014 - 8:26am | 68Read More...Analysts at JP Morgan initiated coverage on Chevron Corporation (NYSE: CVX) with a Neutral rating and $133 price target Tuesday. Phil Gresh stated, “Chevron has an attractive global asset base with the potential for top tier production growth and margins versus global integrated peers....
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UPDATE: JP Morgan Initiates Coverage On Valero Energy Corporation
Tuesday, September 23, 2014 - 7:52am | 99Read More...Analysts at JP Morgan initiated coverage on Valero Energy Corporation (NYSE: VLO) with a Neutral rating and $59 price target Tuesday. Phil Gresh finds that Valero is the purest way to play the Gulf Coast crude theme as the company maintains greater than 53 percent of its refining capacity in...
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UPDATE: J.P. Morgan Downgrades AptarGroup on High-Quality Story, Lack of Near-Term Upside
Wednesday, October 2, 2013 - 9:25am | 135Read More...In a report published Wednesday, J.P. Morgan analyst Phil Gresh downgraded the rating on AptarGroup (NYSE: ATR) from Overweight to Neutral, and lowered the price target from $66.00 to $65.00. In the report, J.P. Morgan noted, “Following reasonably good share price performance YTD versus packaging...
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UPDATE: J.P. Morgan Downgrades Bemis on Macro Trends
Wednesday, July 10, 2013 - 7:05am | 150Read More...In a report published on Wednesday, J.P. Morgan analyst Phil Gresh downgraded Bemis (NYSE: BMS) from Overweight to Neutral and raised the price target from $41 to $44. In the report, J.P. Morgan stated, "In our upgrade back in January (click here), we talked about four key levers that could...
