JPMorgan Downgrades Valero Energy Partners LP (VLP) to Neutral

August 24, 2018 5:35 AM EDT
Get Alerts VLP Hot Sheet
Price: $42.24 --0%

Rating Summary:
    7 Buy, 9 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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JPMorgan analyst Jeremy Tonet downgraded Valero Energy Partners LP (NYSE: VLP) from Overweight to Neutral with a price target of $44.00 (from $50.00).

The analyst steps aside noting the company has the highest IDR burden and sees a reduced pace of drop-downs.

For an analyst ratings summary and ratings history on Valero Energy Partners LP click here. For more ratings news on Valero Energy Partners LP click here.

Shares of Valero Energy Partners LP closed at $38.60 yesterday.

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