Barclays Maintains an 'Overweight' on Tesoro Logistics (TLLP); Moves to Support Growth
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Price: $52.13 --0%
Rating Summary:
11 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
11 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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Barclays maintains an 'Overweight' on Tesoro Logistics (NYSE: TLLP) price target raised from $36 to $38.
Analyst, Brian J. Zarahn, said, "Attractive expected 15.3% distribution growth (our 2012 and 3-year CAGR estimates) is supported by recently closed $75mm crude terminal drop down and $95mm of high-return organic projects in the Bakken and West Coast terminals through 2013. Positive growth outlook is enhanced by parent's portfolio of drop downs. PT increase reflects higher distribution estimates and modest yield compression."
Zarahn cuts FY12 EPS estimate from $1.86 to $1.61, but raises FY13 from $2.35 to $2.43.
For an analyst ratings summary and ratings history on Tesoro Logistics click here. For more ratings news on Tesoro Logistics click here.
Shares of Tesoro Logistics closed at $33.78 yesterday.
Analyst, Brian J. Zarahn, said, "Attractive expected 15.3% distribution growth (our 2012 and 3-year CAGR estimates) is supported by recently closed $75mm crude terminal drop down and $95mm of high-return organic projects in the Bakken and West Coast terminals through 2013. Positive growth outlook is enhanced by parent's portfolio of drop downs. PT increase reflects higher distribution estimates and modest yield compression."
Zarahn cuts FY12 EPS estimate from $1.86 to $1.61, but raises FY13 from $2.35 to $2.43.
For an analyst ratings summary and ratings history on Tesoro Logistics click here. For more ratings news on Tesoro Logistics click here.
Shares of Tesoro Logistics closed at $33.78 yesterday.
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