What analysts are targeting for Hess
Approximately 42.8% of analysts covering Hess (HES) stock rate it a “buy,” and ~52.4% of analysts rate it a “hold.” The average broker target price of $56.30 for Hess implies returns of ~26.5% in the next 12 months. The highest target price provided by any analyst for Hess (HES) is $70.00, while the lowest target price is $42.00.
Recent rating changes
On December 15, 2017, J.P. Morgan (JPM) downgraded Hess to “underweight” from “neutral.” In September 2017, the investment bank had lowered Hess stock from “overweight” to “neutral.”
On December 12, 2017, Credit Suisse (CS) initiated coverage on Hess stock with an “underperform” rating. To learn more about Hess in detail, please refer to Market Realist’s Why Elliott Is Targeting Hess.