Goldman Sachs Upgrades NuStar GP Holdings (NSH) to Buy
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
Rating Summary:
3 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Estée Lauder (EL) climbs as BofA upgrades to Buy on profit recovery expectations
- AO World Plc. (AO/:LN) PT Raised to GBP1.25 at Jefferies
- Hyundai Mobis Co Ltd. (012330:KS) PT Raised to KRW340,000 at HSBC
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst PT Change, UpgradesRelated Entities
Goldman Sachs, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!