Hess Corp. price target lowered to $153 from $155 at Evercore ISI

Evercore ISI analyst Stephen Richardson lowered the firm’s price target on Hess Corp. to $153 from $155 and keeps an Outperform rating on the shares after making Q2 mark-to-market adjustments. A combination of low expectations, offside positioning, and “better macroeconomic data (if you squint)” could support a “midsummer bump” for energy stocks, the analyst tells investors.