Deutsche Bank expects Tesoro Corporation's (NYSE:

) analyst meeting to try to emulate the success of Sunoco (NYSE:

), where new management present restructuring & cost-cutting. “The problem is there is less to restructure in pure-play TS,” Deutsche Bank writes. “MLP'ing pipes only generates $1.50/sh upside. Attacking higher costs could be the main positive, but they do not look outrageous.” Tesoro closed Friday at $17.42.