Tesoro Logistics LP (ANDX) Upgraded to “Overweight” at Mitsubishi UFJ Financial Group
Tesoro Logistics LP (NYSE:ANDX) was upgraded by stock analysts at Mitsubishi UFJ Financial Group from a “neutral” rating to an “overweight” rating in a report issued on Wednesday.
Separately, Morgan Stanley initiated coverage on Tesoro Logistics in a report on Wednesday, August 2nd. They issued an “overweight” rating for the company.
Shares of Tesoro Logistics (ANDX) opened at 46.94 on Wednesday. The firm has a 50-day moving average price of $51.26 and a 200 day moving average price of $53.27. Tesoro Logistics has a one year low of $43.00 and a one year high of $60.14. The stock has a market capitalization of $5.07 billion, a PE ratio of 26.98 and a beta of 1.15.
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About Tesoro Logistics
Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.
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