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DewDiligence

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Re: DewDiligence post# 407

Friday, 11/20/2009 10:48:44 PM

Friday, November 20, 2009 10:48:44 PM

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MS Upgrades HES (FWIW).

http://www.marketwatch.com/story/mogan-stanley-upgrades-hess-corp-2009-11-20

›Nov. 20, 2009, 9:25 a.m. EST

NEW YORK (MarketWatch) -- Morgan Stanley on Friday upgraded Hess Corp. (NYSE: HES ) to overweight from equal-weight and lifted its price target to $75 a share from $65 a share.

"We are upgrading Hess on value, oil leverage, and the return of exploration catalysts in the second half of 2010," said analyst Evan Calio. The stock offers modest upstream growth of 2.7% and a strong value proposition at current levels, Calio said.‹


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