- Statoil (STO -1.6%) is downgraded to Sector Perform from Top Pick at RBC Capital based on valuation; STO has climbed 33% during the past 12 months, and having reached its price target, RBC thinks it's a good time to take profits even as it regards STO as a well managed, tightly run outfit which continues to transform into a truly international major focused on the upstream.
- At the same time, RBC downgrades Total (TOT -1%) to Sector Perform from Outperform, believing the recent pace of share price appreciation looks hard to sustain until closer to delivery from 2016.
From other sites
at CNBC.com (Jan 15, 2015)
at CNBC.com (Jan 5, 2015)
at CNBC.com (Dec 15, 2014)
at CNBC.com (Dec 11, 2014)
at CNBC.com (Nov 28, 2014)
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