Barclays maintains an 'Equalweight' on NuStar Energy (NS); Storage and Transportation Growth Should Offset Asphalt Softness
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Price: $21.96 --0%
Rating Summary:
3 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 12 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Equalweight' on NuStar Energy L.P. (NYSE: NS) price target of $65.00.
Barclays analyst says, "Preliminary 2012 EBITDA guidance implies modest distribution growth improvement, in line with our view. While NS posted a 3Q beat, full-year '11 EBITDA guidance remains unchanged. '12 EBITDA guidance supports our estimate of 3% distribution growth, gradual improvement from 1.9% growth in '11. We are fine tuning our price target from $66 to $65 to reflect slight yield expansion due to asphalt weakness. Our $65 price target is based on 12-month distribution run rate of $4.55 (previously $4.48 as we expect a bump in 3Q12) and 7% target yield (previously 6.8%)."
For more ratings news on NuStar Energy L.P. click here and for the rating history of NuStar Energy L.P. click here.
Shares of NuStar Energy L.P. closed at $55.60 yesterday.
Barclays analyst says, "Preliminary 2012 EBITDA guidance implies modest distribution growth improvement, in line with our view. While NS posted a 3Q beat, full-year '11 EBITDA guidance remains unchanged. '12 EBITDA guidance supports our estimate of 3% distribution growth, gradual improvement from 1.9% growth in '11. We are fine tuning our price target from $66 to $65 to reflect slight yield expansion due to asphalt weakness. Our $65 price target is based on 12-month distribution run rate of $4.55 (previously $4.48 as we expect a bump in 3Q12) and 7% target yield (previously 6.8%)."
For more ratings news on NuStar Energy L.P. click here and for the rating history of NuStar Energy L.P. click here.
Shares of NuStar Energy L.P. closed at $55.60 yesterday.
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