UBS raised the firm’s price target on Hess Corp. (HES) to $173 from $163 and keeps a Buy rating on the shares. The arbitration process is underway, with an expectation for the process to go until late August-September, the analyst tells investors in a research note. The firm sees less downside risk at Hess than previously.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HES:
- Hes Midstream announces updated governance
- Exxon Mobil Stock (XOM) Slips Despite Predicting Victory in $1T Chevron Battle
- Chevron Axes 800 Jobs Amid Major Restructuring Effort
- Hess Corporation Approves Key Proposals at Annual Meeting
- Hess Corp. price target lowered to $147 from $151 at Piper Sandler