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Bank Of America Maintains Exxon Mobil At Buy, Says 'Outlook Intact'
Thursday, March 5, 2015 - 12:01pm | 213In a report published Wednesday, Bank of America analyst Doug Leggate commented on Exxon Mobil Corporation's (NYSE: XOM) Analyst Day, noting that its 2015 strategy update has "minimal new news" and that its outlook is "intact." Leggate argued that the company's continued strategy of shifting...
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UPDATE: Bank Of America Downgrades Delek US Holdings
Monday, December 15, 2014 - 3:00pm | 204Bank of America downgraded Delek US Holdings, Inc. (NYSE: DK) from Neutral to Underperform and cut is price target from $34 to $24. According to analysts led by Doug Leggate, “Delek’s outlook has becoming increasingly linked to the outlook for inland crude differentials –...
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UPDATE: Bank Of America Reiterates On Tesoro Following Analyst Day
Wednesday, December 10, 2014 - 8:20am | 151In a report published Wednesday, Bank of America analyst Doug Leggate reiterated a Buy rating on Tesoro Corporation (NYSE: TSO), and raised the price target from $70.00 to $88.00. In the report, Bank of America noted, “Tesoro's analyst review combined for the first time the strategy update from...
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UPDATE: Bank Of America Reiterates On Occidental Petroleum As Yield Support Underlines Resilience
Monday, December 1, 2014 - 9:35am | 156In a report published Monday, Bank of America analyst Doug Leggate reiterated a Buy rating on Occidental Petroleum Corporation (NYSE: OXY), but lowered the price target from $130.00 to $105.00. In the report, Bank of America noted, “While the market is likely in no mood to consider new energy...
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Bank Of America Questions Low Multiple For Hess Corp.
Friday, November 21, 2014 - 11:23am | 199In a report published Friday, Bank of America analyst Doug Leggate reiterated a Buy rating and $130.00 price target on Hess Corp. (NYSE: HES). In the report, Bank of America noted, “Only a few weeks since Hess' hosted its Analyst update, a recent road trip with management underlined several issues...
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UPDATE: Bank Of America Reiterates On Anadarko Petroleum Corporation Following Days On The Road With Management
Monday, October 6, 2014 - 7:17am | 156In a report published Monday, Bank of America analyst Doug Leggate reiterated a Buy rating on Anadarko Petroleum Corporation (NYSE: APC), and raised the price target from $125.00 to $135.00. In the report, Bank of America noted, “A few days on the road with management underlines several issues we...
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Bank Of America Adds Occidental Petroleum Corporation To Its US1 List
Wednesday, September 24, 2014 - 9:03am | 148In note published Wednesday morning, Bank of America analyst Doug Leggate added Occidental Petroleum Corporation (NYSE: OXY) to the firm's US1 List and reiterated a Buy rating. Leggate wrote, "We suggest the combination of share repurchases, competitive debt adjusted per share growth...
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UPDATE: Bank Of America Reiterates On Continental Resources, Inc. On Unjustified Sell-Off
Friday, September 19, 2014 - 8:53am | 190In a report published Friday, Bank of America analyst Doug Leggate reiterated a Buy rating on Continental Resources, Inc. (NYSE: CLR), and raised the price target from $93.00 to $95.00. In the report, Bank of America noted, “In our view, the share price reaction to Continental's analyst update...
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Bank Of America Downgrades ConocoPhillips, Ups Chevron Corporation
Tuesday, September 9, 2014 - 4:12pm | 133In a report published Tuesday, Bank of America analyst Doug Leggate downgraded Chevron Corporation (NYSE: CVX) from Neutral to Underperform, lowering the price target from $135.00 to $133.00. He cited a more challenging outlook for the company as the major reason behind the downgrade. He also...
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UPDATE: Bank Of America Upgrades ConocoPhillips On More Favorable Outlook
Tuesday, September 9, 2014 - 8:05am | 193In a report published Tuesday, Bank of America analyst Doug Leggate upgraded the rating on ConocoPhillips (NYSE: COP) from Underperform to Neutral, and raised the price target from $84.00 to $90.00. In the report, Bank of America noted, “In contrast to CVX, within the large cap US oils we have...
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UPDATE: Bank Of America Downgrades Chevron Corporation On More Challenging Outlook
Tuesday, September 9, 2014 - 8:04am | 181In a report published Tuesday, Bank of America analyst Doug Leggate downgraded the rating on Chevron Corporation (NYSE: CVX) from Neutral to Underperform, and lowered the price target from $135.00 to $133.00. In the report, Bank of America noted, “We acknowledge that our long standing cautious...
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UPDATE: Bank Of America Reiterates On Pioneer Natural Resources On Transition From NAV To Growth
Tuesday, July 29, 2014 - 10:52am | 151In a report published Tuesday, Bank of America analyst Doug Leggate reiterated a Buy rating on Pioneer Natural Resources (NYSE: PXD), and raised the price target from $280.00 to $300.00. In the report, Bank of America noted, “After two days on the road with PXD COO Tim Dove, we consider the next...
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UPDATE: Bank Of America Reiterates On Hess As Execution Sustains Recovery In 2H14
Monday, June 30, 2014 - 7:44am | 175In a report published Monday, Bank of America analyst Doug Leggate reiterated a Buy rating on Hess Corp. (NYSE: HES), and raised the price target from $128.00 to $130.00. In the report, Bank of America noted, “A week on the road with Hess provided another opportunity to hear first-hand progress on...
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UPDATE: Bank Of America Reiterates On Continental Resources As Management Targets Appear Out Of Date
Monday, June 23, 2014 - 7:54am | 162In a report published Monday, Bank of America analyst Doug Leggate reiterated a Buy rating on Continental Resources (NYSE: CLR), and raised the price target from $170.00 to $185.00. In the report, Bank of America noted, “A week on the road with CLR in what was management's first ever trip to Europe...
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UPDATE: Bank Of America Resumes Coverage On Devon Energy As Management Has Surpassed Expectations
Wednesday, June 11, 2014 - 8:29am | 151In a report published Wednesday, Bank of America analyst Doug Leggate resumed coverage on Devon Energy (NYSE: DVN) with a Buy rating and $100.00 price target. In the report, Bank of America noted, “After several months with the stock under review, we resume coverage of Devon after a number of...