Credit Suisse Upgrades Valero Energy Partners LP (VLP) to Outperform

August 8, 2016 6:18 AM EDT
Get Alerts VLP Hot Sheet
Price: $47.90 +2.70%

Rating Summary:
    9 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 11
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Credit Suisse upgraded Valero Energy Partners LP (NYSE: VLP) from Neutral to Outperform with a price target of $55.00 (from $60.00), citing an attractive entry point for a 'best in class' MLP growth story.

Analyst Bhavesh Lodaya commented, "We are upgrading VLP to Outperform from Neutral as we believe the recent correction in unit prices provides an attractive entry to a best-inclass MLP growth story. VLP ranks as one of the highest in terms of planned distribution growth and the parent, VLO remains strong & supportive. Further, VLP ranks #2 (out of 36) on our proprietary MLP health analysis and in our view can sufficiently weather a downturn in commodity prices and/or capital market access, providing investors with a simple, low-risk and a highquality holding."

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

Shares of Valero Energy Partners LP closed at $40.90 yesterday.

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