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Imperial Capital Boosts PT on Susser Holdings (SUSS) to $48

February 28, 2013 8:59 AM EST Send to a Friend
Get Alerts SUSS Hot Sheet
Price: $82.46 --0%

Rating Summary:
    2 Buy, 9 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 16 | Down: 12 | New: 32
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Imperial Capital raised its price target on Outperform-rated Susser Holdings Corporation (NASDAQ: SUSS) from $43 to $48 following "impressive" 4Q12 earnings.

The analyst comments, "Fundamentals remain strong as Susser continues to execute extremely well both inside its stores and at the pump. We see additional upside to the stock, reflecting a strong economy in Texas, robust merchandise sales trends, and accelerating organic growth of big-box stores (2–3x cash flow of its smaller stores). Furthermore, we believe the recent completion of the master limited partnership (MLP) IPO of its wholesale fuel business will help unlock value and increase financial flexibility. We do not rate the company’s 8.50% senior unsecured debt securities."

The firm maintained 2013 consolidated EPS estimate of $1.71 and are introducing our 2014 EPS estimate of $2.32 (+36%).

For an analyst ratings summary and ratings history on Susser Holdings Corporation click here. For more ratings news on Susser Holdings Corporation click here.

Shares of Susser Holdings Corporation closed at $35.74 yesterday.




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