Andeavor (ANDV) Upgraded by Zacks Investment Research to “Strong-Buy”

Andeavor (NASDAQ:ANDV) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $118.00 target price on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 15.47% from the stock’s current price.

According to Zacks, “Andeavor Corp engages in the refining and marketing of petroleum products. The company’s operating segments consists of Refining, Logistics and Marketing. Refining segment refines crude oil and other feed stocks into transportation fuels, such as gasoline and gasoline blend stocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets. Logistics segment includes crude oil and natural gas gathering assets, natural gas and natural gas liquid processing assets and crude oil and refined products terminalling, transportation and storage assets. Marketing segment sells transportation fuels through branded and unbranded channels. Its brand portfolio includes ARCO, Shell, Exxon, Mobil, USA Gasoline, Rebel and Tesoro. Andeavor Corp, formerly known as Tesoro Corporation, is headquartered in San Antonio, Texas. “

Several other analysts also recently issued reports on the stock. BidaskClub raised shares of Andeavor from a “hold” rating to a “buy” rating in a research report on Thursday, August 31st. Morgan Stanley started coverage on shares of Andeavor in a research report on Wednesday, August 2nd. They issued an “overweight” rating for the company.

Andeavor (NASDAQ:ANDV) traded up 1.21% on Tuesday, hitting $103.43. 1,203,536 shares of the stock traded hands. Andeavor has a 1-year low of $75.11 and a 1-year high of $104.00. The company has a market cap of $16.54 billion and a price-to-earnings ratio of 17.30. The stock has a 50-day moving average price of $97.11 and a 200 day moving average price of $88.58.

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About Andeavor

Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.

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