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Analysts' Upgrades, Downgrades: Tesoro

Stock quotes in this article: ANR , AWK , FTO , HOC , IPI , SOV , TIBX , TSCO  

Change in Ratings

Alpha Natural Resources(ANR Quote) upgraded at Morgan to overweight with a $100 price target. It is believed that ANR will realize 2009 coking coal prices at a higher value than what is being discounted in the shares.

American Water Works(AWK Quote) coverage initiated at Goldman with a neutral rating. See potential for turnaround based on increasing rate base and returns by upping infrastructure investment spending. Price target at $24.

Frontier Oil(FTO Quote) upgraded at Deutsche from hold to buy with a $35 price target. FTO has high flexibility in its choice of crude, particularly with the Canadian grades, leaving them well positioned within small-cap refining. In addition, FTO is attractive as a possible consolidation candidate. ...

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