UBS Up Target Price For First Solar to $170, Reiterates Buy

- UBS Up Target Price For First Solar to $170, Reiterates Buy



Jul 1, 2011

UBS increased its price target for First Solar (NASDAQ:FSLR) to $170 from $165 today and reiterated its buy rating on the stock.

The move comes after First Solar received conditional loan guarantees yesterday worth $4.5 billion from the Department of Energy to support three large solar panel projects in California.

Shares of First Solar are trading up 0.31% at $132.68.

First Solar has a potential upside of 14.3% based on a current price of $132.68 and an average consensus analyst price target of $151.63.

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UBS Initiates Coverage of Tesoro With $23 Target, Neutral Rating

- UBS Initiates Coverage of Tesoro With $23 Target, Neutral Rating



Jun 28, 2011

UBS initiated coverage of Tesoro Corp (NYSE:TSO) today with a neutral rating and a $23 price target for the company.

Shares of Tesoro are trading up 2.17% at $21.63.

Tesoro has a potential upside of 35.3% based on a current price of $21.63 and an average consensus analyst price target of $29.27.

Tesoro is currently below its 50-day moving average (MA) of $23.86 and should find support at its 200-day MA of $20.02.

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UBS Initiates Coverage of Western Refining With $17 Target, Neutral Rating

- UBS Initiates Coverage of Western Refining With $17 Target, Neutral Rating



Jun 28, 2011

UBS initiated coverage of Western Refining (NYSE:WNR) today with a $17 price target and a neutral rating on the company.

Shares of Western Refining are trading up 3.13% at $17.12.

Western Refining has a potential upside of 23.2% based on a current price of $17.12 and an average consensus analyst price target of $21.1.

Western Refining is currently above its 50-day moving average (MA) of $16.38 and above its 200-day of $12.42.

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UBS Initiates Coverage of Valero Energy with Buy Rating, $33 Price Target

- UBS Initiates Coverage of Valero Energy with Buy Rating, $33 Price Target



Jun 28, 2011

UBS initiated coverage of Valero Energy Corp (NYSE:VLO) today with a buy rating and a $33 price target for the company.

Shares of Valero Energy are trading up 2.32% at $24.25.

Valero Energy (NYSE:VLO) has a potential upside of 41.3% based on a current price of $24.25 and an average consensus analyst price target of $34.27.

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Toyota Motor Estimates 31% Drop Full Year Net Profit

- Toyota Motor Estimates 31% Drop Full Year Net Profit



Jun 10, 2011

Toyota Motor (NYSE:TM) said today it expects its net profit to fall by almost a third this year, as production continues to be disrupted 3 months after the massive earthquake and tsunami that struck Japan on March 11th.

The company predicted its profit for the full year ending in March 2012 would decline 31% to $3.5 billion.

Analysts had been expecting a profit of $5.28 billion, and the company reported $5.1 billion in profit for the year ending March 2011.

The company expects full year sales to decline 2%, and said global production wouldn't recover completely until November.

Toyota Motor has a potential upside of 14.3% based on a current price of $80.84 and an average consensus analyst price target of $92.4.

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UBS Raises Its Target Price For Teco Energy, Reiterates Buy Rating

UBS Raises Its Target Price For Teco Energy, Reiterates Buy Rating



UBS bumped its target price for Teco Energy (NYSE:TE) to $20.50 from $20.00 and reiterated its buy rating on the company.

The bank cited the fact that its global research team has again raised its metallurgical coal price estimates for 2011, 2012, and 2013.

TECO Energy has a potential upside of 0.7% based on a current price of $18.71 and an average consensus analyst price target of $18.84.