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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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