Goldman Sachs Raises Price Target for Energy MLP's (MMP, EPD, SXL)

In addition to upgrading Buckeye (NYSE: BPL) from Sell to Neutral and downgrading NuStar Energy L.P. (NYSE: NS) from Neutral to Sell, Goldman Sachs raised their price targets on Energy MLP's by 8%, driven by a lower 10-year Treasury rate forecast and modification of spread estimate.

The firm's favorite picks among Energy MLPs remain Conviction Buy List-rated Sunoco Logistics Partners L.P. (NYSE: SXL) and Buy-rated Enterprise Products Partners LP (NYSE: EPD), with Conviction Buy List-rated Spectra Energy (NYSE: SE) topping the list among the Diversified Pipelines.

Price Target Changes:

• Buckeye GP Holdings L.P. (NYSE: BGH) (Neutral) from $42 to $48
  
• Buckeye Partners, L.P. (NYSE: BPL) (Neutral) from $60 to $68
  
• El Paso Pipeline Partners, L.P. (Neutral) from $32 to $35
  
• Enbridge Energy Management (NYSE; EEQ) (Sell) from $53 to $56
  
• Enbridge Energy Partners, L.P. (NYSE: EEP) (Sell) from $53 to $56
  
• Energy Transfer Partners, L.P. (NYSE: ETP) (Buy) from $50 to $54
  
• Enterprise GP Holdings L.P. (NYSE: EPE) (Neutral) from $48 to $56
  
• Enterprise Products Partners LP (NYSE: EPD) (Buy) from $38 to $41
  
• Holly Energy Partners (NYSE: HEP) (Neutral) from $46 to $49
  
• Magellan Midstream Partners (NYSE: MMP) (Buy) from $52 to $55
  
• Niska Gas Storage Partners LLC (NYSE: NKA) (Neutral) from $19 to $20
  
• NuStar Energy L.P. (NYSE: NS) (Sell), maintain $58
  
• NuStar GP Holdings, LLC (NYSE; NSH) (Neutral) from $30 to $32
  
• ONEOK Partners, L.P. (NYSE: OKS) (Neutral) from $66 to $71
  
• Plains All American Pipeline, L.P. (NYSE: PAA) (Sell) from $59 to $63
  
• Spectra Energy Partners, L.P. (NYSE: SEP) (Neutral) from $33 to $36
  
• Suburban Propane Partners, L.P. (NYSE: SPH) (Neutral) from $50 to $54
  
• Sunoco Logistics Partners L.P. (NYSE: SXL) (Buy) from $80 to $87
  
• TC PipeLines, LP (Nasdaq: TCLP) (Neutral) from $39 to $44
  
• Williams Partners L.P. (NYSE: WPZ) (Neutral) from $44 to $47

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