UPDATE: Societe Generale Upgrades Hess Corporation to Buy on Corporate Restructuring
Posted on March 04, 2013 at 12:52 PM EST
In a report published Monday, Societe Generale upgraded Hess Corporation (NYSE: HES ) from Hold to Buy and raised the price target from $68 to $80. Societe Generale reported that, “This morning, HES announced a restructuring well beyond what we thought management would find palatable in response to