Goldman Sachs Downgrades Buckeye (BPL) to Neutral

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Goldman Sachs downgraded Buckeye (NYSE: BPL) from Buy to Neutral with a price target of $55.00.

The firm cited increased skepticism the company will achieve near-term project return targets associated with its BORCO acquisitions. They also see continuing slow trends in domestic refined product demand growth and balance sheet constraints limiting BPL's ability to meaningfully grow its distribution.

For an analyst ratings summary and ratings history on Buckeye click here. For more ratings news on Buckeye click here.

Shares of Buckeye closed at $52.50 yesterday, with a 52 week range of $44.37-$64.36.

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