Barclays Capital Sets Tesoro Logistics LP Price Target at $38.00 (TLLP)
Investment analysts at Barclays Capital (NYSE: BCS) upped their target price on shares of Tesoro Logistics LP (NASDAQ: TLLP) from $36.00 to $38.00 in a note issued to investors on Wednesday. The firm currently has an “overweight” rating on the stock.
Tesoro Logistics LP traded up 0.15% on Wednesday, hitting $33.9795. Tesoro Logistics LP has a 1-year low of $21.07 and a 1-year high of $37.33. The company has a market cap of $1.037 billion and a price-to-earnings ratio of 11.41.
A number of other analysts have also recently weighed in on TLLP. Analysts at Global Hunter Securities initiated coverage on shares of Tesoro Logistics LP in a research note to investors on Tuesday, April 17th. They set a “buy” rating and a $39.00 price target on the stock. Separately, analysts at JPMorgan Chase (NYSE: JPM) initiated coverage on shares of Tesoro Logistics LP in a research note to investors on Monday, April 9th. They set a “neutral” rating and a $37.00 price target on the stock. Finally, analysts at Wunderlich raised their price target on shares of Tesoro Logistics LP from $33.00 to $39.00 in a research note to investors on Wednesday, February 22nd. They now have a “buy” rating on the stock.
Tesoro Logistics LP is a fee-based Delaware limited partnership formed by Tesoro Corporation (Tesoro) to own, operate, develop and acquire crude oil and refined products logistics assets.