Deutsche Bank Expects Tesoro Analyst Meeting To Emulate Sunoco

Deutsche Bank expects Tesoro Corporation's TSO analyst meeting to try to emulate the success of Sunoco SUN, 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.