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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UBS Upgrades Spectra Energy to Buy, Maintains $34 Target Price

- UBS Upgrades Spectra Energy to Buy, Maintains $34 Target Price



Jun 28, 2011

UBS upgraded Spectra Energy Partners LP (NYSE:SE) to buy from neutral today and maintained its $34 target price for the stock.

The bank cited valuation, as a 6% slide year-to-date provides an attractive entry point. The slide is due in part to a recent equity raise to fund its Big Sandy Pipeline purchase.

The company has a proven strategy and visible distribution growth, with ample distribution coverage, and a track record of successful acquisitions as well as organic growth initiatives, according to UBS.

Spectra Energy has a potential upside of 12.9% based on a current price of $26.68 and an average consensus analyst price target of $30.11.

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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.