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UPDATE: Credit Suisse Reiterates On Western Refining As 2Q Earnings Risks Are Receding
Friday, May 2, 2014 - 8:03am | 178In a report published Friday, Credit Suisse analyst Edward Westlake reiterated a Neutral rating on Western Refining (NYSE: WNR), and raised the price target from $48.00 to $51.00. In the report, Credit Suisse noted, “Back in January, we downgraded 3 refiner stocks to signal that investors were too...
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UPDATE: Credit Suisse Downgrades Solazyme on Production Delays, Weak Margin Outlook
Wednesday, November 6, 2013 - 10:36am | 131In a report published Wednesday, Credit Suisse analyst Edward Westlake downgraded the rating on Solazyme (NASDAQ: SZYM) from Outperform to Neutral, and lowered the price target from $17.00 to $12.00. In the report, Credit Suisse noted, “We downgrade our rating to Neutral (from Outperform) as...
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Credit Suisse Reiterates Outperform on KiOR Following Announcement of 2nd Columbus Facility
Friday, September 27, 2013 - 10:49am | 173In a report published Friday, Credit Suisse analyst Edward Westlake reiterated the Outperform rating and $8.00 price target on KiOR (NASDAQ: KIOR). In the report, Credit Suisse noted, “KiOR's announcement of the 2nd facility at Columbus and $50m of funding from Khosla Ventures/Vinod Khosla is a...
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UPDATE: Credit Suisse Downgrades Northern Tier Energy Following Refiners Review
Wednesday, July 24, 2013 - 10:12am | 266In a report published Wednesday, Credit Suisse analyst Edward Westlake downgraded Northern Tier Energy (NYSE: NTI) from Outperform to Neutral, but reiterated the $28.00 price target. In the report, Credit Suisse noted, “In January's Great LLS Debate we felt refiner profitability would decline...
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UPDATE: Credit Suisse Downgrades Alon USA Partners Following Refiners Review
Wednesday, July 24, 2013 - 10:11am | 270In a report published Wednesday, Credit Suisse analyst Edward Westlake downgraded the rating on Alon USA Partners (NYSE: ALDW) from Outperform to Neutral, and lowered the price target from $28.00 to $25.00. In the report, Credit Suisse noted, “In January's Great LLS Debate we felt refiner...
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Explaining the Weak Pre-Announcements By Refiners
Tuesday, July 16, 2013 - 11:04am | 426Credit Suisse refiners analyst Edward Westlake published a note this morning trying to explain the underlying reason that two key refining companies, Valero (NYSE: VLO) and then Marathon Petroleum Corp. (NYSE: MPC), have pre-reported weak second quarter earnings. "VLO and MPC have both pre-...
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Elliot Management Urges Hess Spinoff of Bakken Assets, Shares Spike Higher
Tuesday, January 29, 2013 - 11:34am | 415Elliot Management's Paul Singer urged Hess (NYSE: HES) to conduct a full strategic review of the company, including the possibility of selling the company's Bakken Shale assets. Singer, the noted activist investor, wrote a letter to shareholders Tuesday urging them to accept five new board...
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ConocoPhillips Gets Praise From Credit Suisse
Wednesday, October 20, 2010 - 9:53am | 97ConocoPhillips (NYSE: COP), the third-largest U.S. oil company, was the subject of some bullish words from Credit Suisse analyst Edward Westlake this morning. Westlake raised his estimate for the oil giant's net asset value to $80 from $74 per share and said Conoco's management team is doing more...
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ConocoPhillips Gets Praise From Credit Suisse
Wednesday, October 20, 2010 - 9:44am | 97ConocoPhillips (NYSE: COP), the third-largest U.S. oil company, was the subject of some bullish words from Credit Suisse analyst Edward Westlake this morning. Westlake raised his estimate for the oil giant's net asset value to $80 from $74 per share and said Conoco's management team is doing more...