JPMorgan Downgrades BP Midstream Partners LP. (BPMP) to Neutral

August 20, 2019 5:40 AM EDT
Get Alerts BPMP Hot Sheet
Price: $14.17 -0.35%

Rating Summary:
    4 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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JPMorgan analyst Jeremy Tonet downgraded BP Midstream Partners LP. (NYSE: BPMP) from Overweight to Neutral with a price target of $17.00 (from $19.00).

The analyst comments "...we have seen a large part of the market shun IDRs, which we believe
could impede BPMP's ability to garner a favorable rerating, driving our Neutral rating..."

For an analyst ratings summary and ratings history on BP Midstream Partners LP. click here. For more ratings news on BP Midstream Partners LP. click here.

Shares of BP Midstream Partners LP. closed at $14.87 yesterday.

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