Teekay Corporation Rises Following Analyst Upgrade
Shares of Teekay Corporation (NYSE: TK), which just last week was upgraded by JPMorgan Chase & Co. (NYSE: JPM) from Underweight to Neutral, are up over 6% today.
JPMorgan Chase & Co. increased the price target from $26 to $32 and the stock has traded as high as $25.37 today.
Teekay Corporation is a provider of international crude oil and petroleum product transportation services. It maintains a fleet of 175 vessels and has offices in 17 countries.
Today's trading range for Teekay Corporation is $24.06 to $25.37.
The 52-week trading range for the company is $11.35 to $27.14.
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