Wells Fargo Upgrades Sunoco Logistics Partners (SXL) to Market Perform; Valuation Call

Wells Fargo upgraded Sunoco Logistics Partners (NYSE: SXL) from Underperform to Market Perform with the valuation range raised to $83-88 from $78-83.

Wells analyst says, "SXL has visible growth tied to organic and acquisition capital deployed, which should support a five-year distribution CAGR of 6.2%. However, we believe this growth is fairly reflected in the partnership's current valuation. About 80% of SXL's distribution is tax deferred."

For more ratings news on Sunoco Logistics Partners click here and for the rating history of Sunoco Logistics Partners click here.

Shares of Sunoco Logistics Partners closed at $85.75 yesterday.

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