Analysts’ ratings for TSO and WNR
Until now in this series, we’ve seen the details of Tesoro’s (TSO) Western Refining (WNR) acquisition, the benefits of the deal, the valuations of both refiners, and the short interests in both stocks. In this article, we’ll look at analysts’ ratings for both stocks.
Tesoro and Western Refining have been rated by a total of 19 and 13 analysts, respectively. Of these, 63% and 38% of analysts rated TSO and WNR as “buys,” respectively. WNR had more “hold” ratings than TSO.
Analysts were probably waiting for concrete results from WNR in terms of its Northern Tier (NTI) merger synergies. Until then, adopting a wait-and-watch approach, a majority of analysts rated WNR as a “hold.” Neither TSO nor WNR received any “sell” ratings.
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