BofA/Merrill Lynch Starts JP Energy Partner, LP (JPEP) at Buy

BofA/Merrill Lynch initiates coverage on JP Energy Partner, LP (NYSE: JPEP) with a Buy rating and a price target of $22.00.

Analyst Gabe Moreen believes JPEP can provide investors with a 15% distribution CAGR through 2016, above the MLP peer average of 7-8%. Results will be driven by expansions of the Silver Dollar Pipeline and asset drop-downs from its private equity backed general partner (GP).

For an analyst ratings summary and ratings history on JP Energy Partner, LP click here. For more ratings news on JP Energy Partner, LP click here.

Shares of JP Energy Partner, LP closed at $17.46 yesterday.

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