UPDATE: Bank of America Upgrades Statoil on Growth Ambition
August 28, 2013 at 10:58 AM EDT
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