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Goldman Sachs Upgrades NuStar GP Holdings (NSH) to Buy

March 14, 2014 7:00 AM EDT
Get Alerts NSH Hot Sheet
Price: $9.93 --0%

Rating Summary:
    3 Buy, 8 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Goldman Sachs upgraded NuStar GP Holdings (NYSE: NSH) from Neutral to Buy with a price target of $36.00 (from $29.00).

Analyst Steve Sherowski said "NSH units are poised to re-rate driven by: (1) increased NS cash-flow growth visibility from its Eagle Ford project backlog, (2) de-risked asset portfolio following the sales of its refinery/asphalt businesses, and (3) increased confidence that storage segment earnings have troughed."

The firm lowered 2014 EPU by 1% to $1.56 but raise 2015/2016 1-3% to $1.89/$2.05, respectively.

For an analyst ratings summary and ratings history on NuStar GP Holdings click here. For more ratings news on NuStar GP Holdings click here.

Shares of NuStar GP Holdings closed at $32.38 yesterday.


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