Deutsche Bank Raises PT on SemGroup (SEMG)

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SemGroup (NYSE: SEMG) is higher by 15 percent year-to-date. In the opinion of analysts at Deutsche Bank, this upside is a partial recognition of the building value of its General Partner interest in Rose Rock Midstream, L.P. (NYSE: RRMS). In addition, the company might be viewed as a possible merger candidate at some point in the future, said analyst Curt Launer

Deutsche Bank reiterated a Buy on SemGroup and raised its price target to $56.00 (from $50.00).

For an analyst ratings summary and ratings history on SemGroup (NYSE: SEMG)semg click here. For more ratings news on SemGroup click here.

Shares of SemGroup closed at $46.70 yesterday, with a 52 week range of $26.56-$47.17.

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