Deutsche Bank Starts Northern Teir Energy Inc (NTI) at Buy

October 12, 2012 7:02 AM EDT
Get Alerts NTI Hot Sheet
Price: $21.15 --0%

Rating Summary:
    3 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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Deutsche Bank initiates coverage on Northern Teir Energy Inc (NYSE: NTI) with a Buy. PT $25.00.

The analyst comments, "Northern Tier Energy (NTI) is an independent refiner and marketer located in the undersupplied US Mid-Continent, operating the 74k b/d St. Paul Park refinery in Minnesota. With lower feedstock costs from access to crudes from the Bakken and Canada, it is one of the most competitive refiners in its region and a prime example of a beneficiary of our bullish 2010 "Diamond Age of Refining" thesis. We favour cash return strategies for refiners, and NTI has taken refining into a new era by assuming a variable payout MLP structure. Good management, shareholder friendly, BUY."

For an analyst ratings summary and ratings history on Northern Teir Energy Inc click here. For more ratings news on Northern Teir Energy Inc click here.

Shares of Northern Teir Energy Inc closed at $20.13 yesterday.

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