UPDATE: Deutsche Bank Upgrades Statoil
January 17, 2014 at 09:13 AM EST
In a report published Friday, Deutsche Bank analyst Mark Bloomfield upgraded Statoil ASA (NYSE: STO ) to Buy from Hold, raising its price target to NOK170 from NOK150. According to the report, Statoil stands out relative to the majors with the greatest bias to upstream and attractive reinvestment returns
