The overall breadth of the market's strength today takes Hess (HES +2.2%) higher, despite being...

|About: Hess Corporation (HES)|By:, SA News Editor

The overall breadth of the market's strength today takes Hess (HES +2.2%) higher, despite being cut to Hold this morning by Standpoint Research. The stock is up 29% since the firm upped to a Buy back in July, and, with such a rich valuation, Standpoint can no longer justify a Buy rating so close to its price target.