Faisel Khan

In a note released Monday, Citi analyst Faisel Khan upgraded shares of TransCanada (NYSE: TRP) from Neutral to Buy and raised the price target from $51 to $61. The upgrade comes amid a potential breakup of the company. According to Khan, TransCanada shareholders would benefit through a tax-free...

Shares of Occidental Petroleum (NYSE: OXY) on Friday jumped one percent after Citigroup upgraded the stock. Faisel Khan, CFA, led the research and upgraded to Buy from Neutral on restructuring Pro Forma Analysis. The firm also increased its price target from $111.0 to $103.0 per share. “We...

In a report published Monday, Citigroup analyst Faisel Khan reiterated a Neutral rating on Brookfield Infrastructure Partners LP (NYSE: BIP), and raised the price target from $36.00 to $39.00. In the report, Citigroup noted, “We maintain our Neutral rating and are increasing our target price to $...

Analyst Faisel Khan of Citi mentions, “US refiners are poised to show a sharp increase in profitability for 2Q after four quarters in a row of losses. With stocks in the refining sector still trading below book value and the refining asset sale market burgeoning with inventory, there is clearly...

Citi Investment Research & Analysis analyst Faisel Khan maintained his Hold rating for shares of Occidental Petroleum Corporation (NYSE: OXY), with a price target of $88 per share. Khan said that despite Occidental Petroleum Corporation's positive operational momentum, most of the stock's...

According to Citi analyst Faisel Khan, it’s better to hold onto US refinery company stocks until demand in the sector picks up. Demand will increase as soon as employment levels pick up. The pre-recession level of gasoline demand was of 300-500Kbod and is likely to be restored as the employment...