Analysts Remains Bullish on Susser (SUSS) as Tailwinds Continue

November 13, 2012 12:42 PM EST Send to a Friend
Get Alerts SUSS Hot Sheet
Price: $82.46 --0%

Rating Summary:
    2 Buy, 9 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 23 | New: 27
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Following the company's earnings report last week, Imperial Capital maintained an Outperform rating on Susser Holdings Corporation (NASDAQ: SUSS) and raised its price target to $43.00 (from $40.00).

Analyst Lee J. Giordano said "Fundamentals remain strong as Susser continues to execute extremely well both inside its stores and at the pump."

Giordano sees additional upside to the stock, reflecting a strong economy in Texas, robust merchandise sales trends, and accelerating organic growth of big-box stores.

"Furthermore, we believe the recent completion of the master limited partnership (MLP) IPO of its wholesale fuel business will help unlock value and increase financial flexibility," added the analyst.

For an analyst ratings summary and ratings history on Susser Holdings Corporation click here. For more ratings news on Susser Holdings Corporation click here.

Shares of Susser Holdings Corporation closed at $36.67 yesterday.

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