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Hess (HES +2%) is upgraded to Buy from Neutral with a $65 target price, raised from $53, at...

Hess (HES +2%) is upgraded to Buy from Neutral with a $65 target price, raised from $53, at Global Hunter, which represents 71% of the firm's pre-tax NAV estimate; HES is trading at a price-to-NAV of 58% vs. 72% median for peers. After some bumps in the road, including a poorly received capex boost, the firm believes HES' plan to scale back and refocus is taking shape.
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  • rambler1
    , contributor
    Comments (467) | Send Message
     
    Go Hess one of the only stations with gas because they had backup generators.
    5 Nov 2012, 12:20 PM Reply Like
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