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Tesoro (TSO +2.2%) is upgraded to Outperform from Neutral with a $60 price target (up from $53)...

Tesoro (TSO +2.2%) is upgraded to Outperform from Neutral with a $60 price target (up from $53) by Credit Suisse after shares have underperformed peers and remained broadly flat since August. "While we don't have a crystal ball on the FTC approval of the acquisition of BP Carson City, we are reasonably hopeful the deal would close," the firm says.
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