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BofA/Merrill Lynch Starts VTTI Energy Partners LP (VTTI) at Buy

August 26, 2014 7:22 AM EDT
Get Alerts VTTI Hot Sheet
Price: $19.50 --0%

Rating Summary:
    2 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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BofA/Merrill Lynch initiates coverage on VTTI Energy Partners LP (NYSE: VTTI) with a Buy rating and a price target of $27.00.

Analyst Derek Walker called VTTI the first true MLP-like (international, non K-1) structure with traditional midstream assets. The firm believes VTTI has the potential to grow distributions at a 15% CAGR over the next 4-5 years assuming a reasonable pace of drop-downs.

For an analyst ratings summary and ratings history on VTTI Energy Partners LP click here. For more ratings news on VTTI Energy Partners LP click here.

Shares of VTTI Energy Partners LP closed at $24.23 yesterday.



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