Seeking Alpha

Tesoro (TSO +1.1%) is upgraded to Buy from Neutral with a $66 price target, up from $51, at BofA...

Tesoro (TSO +1.1%) is upgraded to Buy from Neutral with a $66 price target, up from $51, at BofA Merrill, which believes TSO's strong recent run is set to continue as a primary beneficiary of the next stage of the crude price rebalancing - "the dislocation between LLS and Brent on the U.S. Gulf coast and now with physical cargoes moving East, the shift in regional Bakken to Brent minus."
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