We’ve seen several analyst calls on Wall Street this morning out of the oil patch, and here are some of the key calls:
- Hess (NYSE: HES), Sunoco (NYSE: SUN), and Tesoro (NYSE: TSO) were all started as "HOLD" ratings at Citigroup.
- Marathon Oil (NYSE: MRO) and Valero Energy (NYSE: VLO) were started with "BUY" ratings at Citigroup.
- Berry Petroleum (NYSE: BRY) was started as Outperform at Morgan Keegan.
- SW Energy (NYSE: SWN) was downgraded to Market Perform from Outperform at FBR.
Jon C. Ogg
May 30, 2008