TSC Ratings' Updates: Tesoro

The following ratings changes were generated on Thursday, Jan. 8.

We've upgraded China Fire & Security Group(CFSG Quote), which engages in the design, development, manufacture, and sale of fire protection products and services for industrial customers in China, from sell to hold. Strengths include its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, we find that the stock has had a generally disappointing performance in the past year.

Revenue is up 44.4% since the same quarter a year ago. The company has no debt to speak of and has a quick ratio of 2.3, demonstrating its ability cover short-term liquidity needs. Net income increased by 47% to $6.4 million, significantly outperforming the S&P 500 and the machinery industry. ...