Credit Suisse Starts Buckeye (BPL) at Neutral
Get Alerts BPL Hot Sheet
Rating Summary:
2 Buy, 15 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
Credit Suisse initiates coverage on Buckeye (NYSE: BPL) with a Neutral rating and a price target of $78.00.
Analyst John Edwards commented, "We are initiating coverage of Buckeye Partners (BPL) with a Neutral rating and $78 target price. BPL is a refined products MLP with pipeline and storage assets located across the United States and Caribbean. As an organization, BPL has a history of stable performance stretching back to 1886 and John D. Rockefeller’s Standard Oil Company. Since becoming the first pipeline MLP to go public in 1986, BPL has paid uninterrupted distributions to unitholders, weathered multiple industry cycles, and executed numerous strategic acquisitions building a premier refined products footprint with optionality to diversify into crude, condensate, and NGLs."
For an analyst ratings summary and ratings history on Buckeye click here. For more ratings news on Buckeye click here.
Shares of Buckeye closed at $70.29 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA Securities Starts GE Vernova (GEV) at Neutral, 'Multiyear turnaround amid positive demand backdrop'
- Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
- Craig-Hallum Assumes DiaMedica Therapeutics Inc. (DMAC) at Buy
Create E-mail Alert Related Categories
Analyst Comments, New CoverageRelated Entities
Credit Suisse, Crude OilSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!