UPDATE: Bernstein Research Upgrades Statoil ASA on Improved Outlook

In a report published Tuesday, Bernstein Research analyst Oswald Clint upgraded the rating on Statoil ASA (NYSE: STO ) from Market Perform to Outperform, and raised the price target from $23.00 to $26.50. In the report, Bernstein Research noted, “We upgrade Statoil to Outperform from Market-perform with a new 12