UPDATE: Credit Suisse Upgrades Teekay on Significant Upside Over Next Year

In a report published Thursday, Credit Suisse analyst Gregory Lewis upgraded the rating on Teekay (NYSE: TK ) from Neutral to Outperform, and raised the price target from $56.00 to $80.00. In the report, Credit Suisse noted, “While the stock is up 15% YTD and 27% the last 3 months