Andeavor (ANDV) Rating Increased to Outperform at Evercore ISI

Andeavor (NASDAQ:ANDV) was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a note issued to investors on Thursday.

A number of other brokerages have also recently issued reports on ANDV. BidaskClub cut Andeavor from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Howard Weil cut Andeavor from a “sector outperform” rating to a “sector perform” rating and set a $112.00 price objective on the stock. in a research note on Thursday, September 28th. Cowen and Company restated a “buy” rating and issued a $120.00 price objective on shares of Andeavor in a research note on Thursday, September 28th. Scotiabank cut Andeavor from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $103.00 to $112.00 in a research note on Saturday, September 30th. Finally, Morgan Stanley assumed coverage on Andeavor in a research note on Wednesday, August 2nd. They issued an “overweight” rating on the stock. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Andeavor presently has an average rating of “Buy” and a consensus price target of $116.63.

Andeavor (NASDAQ:ANDV) traded up $0.44 during midday trading on Thursday, hitting $110.17. The stock had a trading volume of 1,145,960 shares.

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Institutional investors have recently made changes to their positions in the stock. PGGM Investments bought a new stake in shares of Andeavor during the third quarter valued at about $3,007,000. TCI Wealth Advisors Inc. bought a new stake in shares of Andeavor during the third quarter valued at about $191,000. Denali Advisors LLC bought a new stake in shares of Andeavor during the third quarter valued at about $5,560,000. Crossmark Global Holdings Inc. bought a new stake in shares of Andeavor during the third quarter valued at about $28,288,000. Finally, Midas Management Corp bought a new stake in shares of Andeavor during the third quarter valued at about $1,444,000.

Andeavor Company Profile

Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.

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