Goldman Sachs Downgrades Holly Energy Partners (HEP) to Sell
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Price: $37.88 -1.61%
Rating Summary:
1 Buy, 2 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Rating Summary:
1 Buy, 2 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 22
Trade HEP Now!
Goldman Sachs downgraded Holly Energy Partners (NYSE: HEP) from Neutral to Sell with a price target of $35.00 in assumed coverage.
The firm said current valuation implies a high-single digit distribution growth trajectory while they see a mid-single digit forecast. The firm's 2013/14 EPS estimates are 2%/6% below consensus.
"While HEP offers cash flow stability aided by a strong contract structure, we prefer units with higher growth potential given its premium valuation (5.1% yield vs. 6.1% MLP average yield)," the analyst comments.
For an analyst ratings summary and ratings history on Holly Energy Partners click here. For more ratings news on Holly Energy Partners click here.
Shares of Holly Energy Partners closed at $36.48 yesterday, with a 52 week range of $35.14-$73.96.
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The firm said current valuation implies a high-single digit distribution growth trajectory while they see a mid-single digit forecast. The firm's 2013/14 EPS estimates are 2%/6% below consensus.
"While HEP offers cash flow stability aided by a strong contract structure, we prefer units with higher growth potential given its premium valuation (5.1% yield vs. 6.1% MLP average yield)," the analyst comments.
For an analyst ratings summary and ratings history on Holly Energy Partners click here. For more ratings news on Holly Energy Partners click here.
Shares of Holly Energy Partners closed at $36.48 yesterday, with a 52 week range of $35.14-$73.96.
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