Tesoro Corporation (TSO) - Bull of the Day

Buoyed by favorable trends in the refining industry along with company initiatives to improve reliability and reduce operating costs, we are upgrading Tesoro Corporation (TSO) shares to Outperform from Neutral.

An uptick in economic activity overseas and prospects for stronger fuel demand in the domestic market make us optimistic about the sector. Additionally, we believe Tesoro's strategic actions to improve its performance and competitiveness in a cost-effective manner will drive the company's profitable growth and boost its stock valuation.

Tesoro's scale and diversification benefits afforded by its portfolio of seven refineries add to the positive sentiment. As such, we believe Tesoro is well positioned going forward and view it as an attractive investment.
 
TESORO CORP (TSO): Free Stock Analysis Report
 
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