UPDATE: Bank of America Upgrades Statoil on Growth Ambition

By: Benzinga
In a report published Wednesday, Bank of America analyst Matthew Yates upgraded the rating on Statoil (NYSE: STO ) from Neutral to Buy, and raised the price target from $23.00 to $25.00. In the report, Bank of America noted, “We believe Statoil is following a sensible strategy, targeting modest production
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