Key Calls (Energy): Goldman Downgrades PetroChina & Sunoco, Upgrades Hess

On the heels of record high oil prices, Goldman Sachs has revised its calls on 3 major players in the sector.

PetroChina (PTR): Goldman cuts PTR from Buy to SELL and adds to their Asia Pacific Sell List.

Sunoco (SUN): Goldman cuts SUN from Buy to NEUTRAL. Target to $70 to $53. JP Morgan also cut SUN to Underweight from Neutral.

Hess Corp. (HES): Goldman ups HES citing the company’s ability to leverage higher oil prices. The target is $130.

 

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