Western Refining (WNR) Up 8.7% After RBC Capital Markets Upgrade

Shares of Western Refining Inc. WNR closed Monday trading up 8.76% at $5.46 per share. The company was upgraded by RBC Capital Markets to a rating of Sector Perform and its price target raised to $6 per share. Western Refining Inc. opened Monday morning at $5.13 per share, then started to climb in the late afternoon, trading between $5.08 and $5.48 per share. Volume of 3.9 million shares was 1.58 times higher than the daily average volume of about 2.5 million shares. Western Refining Inc. has a 52 week trading range of $4.03 to $14.75 per share and a market capitalization of $485 million.