Goldman Sachs Starts Northern Teir Energy Inc (NTI) at Buy; First of its Kind

September 4, 2012 8:00 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: 24 | Down: 17 | New: 14
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Goldman Sachs initiates coverage on Northern Teir Energy Inc (NYSE: NTI) with a Buy. PT $26.00.

Analyst, Arjun N. Murti, said, "Northern Tier is a first-of-its-kind, variable distribution refiner MLP. The company is highly leveraged to our bullish MidCon outlook and, in particular, “north of Cushing” Bakken area crude oil discounts via its St. Paul Park (Minnesota) refining and logistics system. We have a favorable view of Northern Tier’s management team, MLP structure, and corresponding commitment to return “available cash” to unit holders."

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 $18.30 yesterday.

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