J.P. Morgan Raises Price Target, Estimates on Tesoro (TSO)

J.P. Morgan Raises Price Target, Estimates on Tesoro (TSO)


J.P. Morgan analysts raised the price target and earnings estimates on petroleum refiner Tesoro Corporation (TSO) on Wednesday to reflect the recent Carson refinery acquisition.

The analysts see shares of TSO reaching $65, which suggests a 14% upside to Tuesday’s closing price of $57.01.

Tesoro shares were up 85 cents, or +1.49%, during morning trading on Wednesday. The stock is up +31.42% year-to-date.

The Bottom Line
Shares of Tesoro Corporation (TSO) have a dividend yield of 1.38% based on Wednesday’s intraday trading price of $57.88 and the company’s annualized dividend payout of 80 cents per share.

Tesoro Corporation (TSO) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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