Zacks Bull and Bear of the Day Highlights: Sunoco Logistics Partners, Stanley Black & Decker's, Chevron, Royal Dutch Shell and

Zacks Bull and Bear of the Day Highlights: Sunoco Logistics Partners, Stanley
         Black & Decker's, Chevron, Royal Dutch Shell and Exxon Mobil

PR Newswire

CHICAGO, Oct. 31, 2012

CHICAGO, Oct. 31, 2012 /PRNewswire/ --Zacks Equity Research highlights Sunoco
Logistics Partners (NYSE:SXL) as the Bull of the Day and Stanley Black &
Decker's (NYSE:SWK) as the Bear of the Day. In addition, Zacks Equity Research
provides analysis on Chevron Corporation (NYSE:CVX), Royal Dutch Shell plc
(NYSE:RDS.A) and Exxon Mobil Corporation (NYSE:XOM).


Full analysis of all these stocks is available at

Here is a synopsis of all five stocks:

Bull of the Day:

Buoyed by a continued robust operating performance and favorable growth
prospects, we are maintaining our Outperform recommendation on Sunoco
Logistics Partners (NYSE:SXL). Recent results have been driven by strength in
its crude pipeline system and terminals facilities.

Importantly, the partnership has grown its cash distribution for 29
consecutive quarters. With its stable fee-based revenue,
geographically-diverse assets and strong business fundamentals, Sunoco
Logistics offers investors an opportunity to capture income growth through
steadily rising cash distributions and capital appreciation.

As such, we rate units of Sunoco Logistics as an attractive investment and
maintain its Outperform recommendation. Our $59 price objective reflects a
2013 P/E multiple of 18.0x.

Bear of the Day:

Stanley Black & Decker's (NYSE:SWK) third quarter 2012 results were mixed with
earnings per share of $1.40, rising above the year-ago earnings by 5.3% but
falling short of the Zacks Consensus Estimate of $1.45. Europe remained a drag
on results and largely was the reason behind management's lowered guidance.
Currency also remains a headwind.

All these support our Underperform recommendation on the stock. Lowered 2012
guidance on the back of negative currency translation impacts, drag from
European exposure and active competition in all businesses limit the company's
growth prospects in the near term.

Thus, anticipating a lack of share driving catalysts, we currently maintain an
Underperform recommendation on the stock. The stock currently has a target
price of $61.00, at a 2012 P/E of 11.6x.  

Latest Posts on the Zacks Analyst Blog:

Another Gas Discovery by Chevron

Chevron Australia Pty Ltd – an affiliate of Chevron Corporation (NYSE:CVX) –
announced the discovery of natural gas in Satyr-4 exploration well in the
Greater Gorgon Area, offshore Western Australia.

Located in the WA-374-P1 permit block in the Carnarvon Basin, the well is
estimated to hold approximately 220 feet of net gas pay. The well, about 75
miles to the northwest of Barrow Island, was drilled 3,570 feet deep into
water and to a total depth of 15,023 feet.

The Australian unit of Chevron acts as the chief operator of the block with
50% interest, while the remaining stake is shared equally by Royal Dutch Shell
plc (NYSE:RDS.A) and Exxon Mobil Corporation (NYSE:XOM).

We believe that this exploration success will boost Chevron's growth prospects
in Australia by adding to its already significant gas interests in the

Earlier in September, the company announced the discovery of natural gas in
Satyr-2 exploration well in the Greater Gorgon Area, which marked Chevron's
fifteenth find in the country since mid-2009.

In particular, the drilling success of the Satyr-4 exploration well is
expected to support an expansion of the Chevron-operated multi-billion Gorgon
liquefied natural gas (LNG) project.

The Gorgon gas fields, off the coast of Western Australia, are estimated to
contain 40 trillion cubic feet of gas deposits with an expected economic life
of at least 40 years from the time of start-up. According to Chevron, the
venture will have an annual capacity to produce 15 million tons of LNG, with
the first shipment expected in 2014.

We believe that successful drilling activities along with these prominent
projects will establish Chevron as a leader among natural gas and LNG
suppliers in the Asia-Pacific belt.

Chevron currently holds a Zacks #3 Rank (short-term Hold rating). We also
maintain a long-term Neutral recommendation on the stock.

Get the full analysis of all these stocks by going to

About the Bull and Bear of the Day

Every day, the analysts at Zacks Equity Research select two stocks that are
likely to outperform (Bull) or underperform (Bear) the markets over the next
3-6 months.

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Updated throughout every trading day, the Analyst Blog provides analysis from
Zacks Equity Research about the latest news and events impacting stocks and
the financial markets.

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