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Upgrade Alert for Tesoro (TSO)

By James Quinn

Tesoro (NYSE:TSO) was upgraded from Neutral to Outperform at Credit Suisse today. The stock closed yesterday at $81.27 on volume of 1.8 million shares, below average daily volume of 2.0 million.

Over the past year, Tesoro has traded in a range of $67.80 to $119.67 and closed yesterday at $81.27, 20% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.5%.

Tesoro (NYSE:TSO) has potential upside of 51.2% based on a current price of $81.27 and analysts' consensus price target of $122.92. Tesoro shares should first meet resistance at the 50-day moving average (MA) of $84.71 and find additional resistance at the 200-day MA of $95.39.

Tesoro Corporation refines and markets petroleum products, and provides transporting services. The Company operates refineries, as well as a network of retail and refueling stations in the western United States. Tesoro also markets gasoline and diesel fuel to independent marketers and commercial end users.

SmarTrend is tracking the current trend status for Tesoro and will alert subscribers who have TSO in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades Tesoro

Ticker(s): TSO