Goldman Sachs Boosts PT on Sunoco Logistics (SXL)

February 22, 2013 11:35 AM EST
Get Alerts SXL Hot Sheet
Price: $23.96 +0.46%

Rating Summary:
    15 Buy, 10 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Goldman Sachs today maintained a Buy rating on Sunoco Logistics Partners (NYSE: SXL) and raised its price target to $69.00 (from $66.00). Sonoco reported Q4 earnings on Thursday.

Analyst Steve Sherowski said, "The results/guidance reinforces our view that SXL has one of the strongest growth profiles for MLPs under coverage. Beyond projects associated with its $700 million 2013 capex program), new potential growth drivers include Permian Express II, Mariner East II, Mariner South (propane/butane Gulf Coast export facility) and ETP's portion of the proposed $2.5 billion Trunkline conversion."

For an analyst ratings summary and ratings history on Sunoco Logistics Partners click here. For more ratings news on Sunoco Logistics Partners click here.

Shares of Sunoco Logistics Partners closed at $60.89 yesterday.

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