Andeavor (ANDV) Lowered to “Hold” at BidaskClub

BidaskClub cut shares of Andeavor (NASDAQ:ANDV) from a buy rating to a hold rating in a research report released on Tuesday, October 17th.

Several other analysts have also commented on the company. Barclays PLC reissued an overweight rating and issued a $121.00 price objective (up from $118.00) on shares of Andeavor in a report on Tuesday, October 10th. Zacks Investment Research raised Andeavor from a hold rating to a strong-buy rating and set a $118.00 price objective on the stock in a report on Tuesday, September 12th. Royal Bank Of Canada reissued a hold rating and issued a $101.00 price objective on shares of Andeavor in a report on Friday, October 13th. Jefferies Group LLC lowered Andeavor from a buy rating to a hold rating in a report on Monday, October 16th. Finally, Morgan Stanley started coverage on Andeavor in a report on Wednesday, August 2nd. They issued an overweight rating on the stock. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Andeavor presently has an average rating of Buy and a consensus target price of $116.63.

Shares of Andeavor (ANDV) traded up $1.26 during mid-day trading on Tuesday, hitting $111.43. 494,678 shares of the stock were exchanged.

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Several large investors have recently modified their holdings of ANDV. Boston Partners acquired a new stake in shares of Andeavor in the third quarter worth approximately $773,141,000. Prudential Financial Inc. acquired a new stake in shares of Andeavor in the third quarter worth approximately $150,513,000. APG Asset Management N.V. acquired a new stake in shares of Andeavor in the third quarter worth approximately $85,187,000. Jennison Associates LLC acquired a new stake in shares of Andeavor in the third quarter worth approximately $81,868,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Andeavor in the third quarter worth approximately $46,997,000.

Andeavor Company Profile

Andeavor, formerly Tesoro Corporation, is an independent petroleum refining, logistics and marketing company. he Company operates through three segments. The Refining operating segment refines crude oil and other feedstocks into transportation fuels, such as gasoline and gasoline blendstocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a range of customers within its markets.

Analyst Recommendations for Andeavor (NASDAQ:ANDV)

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