UPDATE: Credit Suisse Upgrades NuStar Energy L.P. (NS) to Neutral

(Updated to add analyst comment, correct for error that NSH was also upgraded)

Credit Suisse upgraded NuStar Energy L.P. (NYSE: NS) from Underperform to Neutral with a price target of $53.00 (from $52.00).

Analyst John Edwards says the re-rating follows an update to estimates driven by the Navigator deal which he sees as accretive by 2019.

He lowers NS EPS estimate from $2.27 to $1.80, FY 2018 EPS from $2.35 to $2.10 and raises FY 2019 EPS from $2.58 to $2.79

For an analyst ratings summary and ratings history on NuStar Energy L.P. click here. For more ratings news on NuStar Energy L.P. click here.

Shares of NuStar Energy L.P. closed at $47.84 yesterday.

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