UPDATE: Raymond James Downgrades CrossAmerica Partners LP (CAPL) to Market Perform on Valuation

April 15, 2021 3:01 AM EDT
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Price: $19.45 -0.66%

Rating Summary:
    4 Buy, 6 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 5 | New: 58
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(Updated - April 15, 2021 6:22 AM EDT)

Raymond James analyst Benjamin Brownlow downgraded CrossAmerica Partners LP (NYSE: CAPL) from Outperform to Market Perform.

The analyst comments "Downgrading to Market Perform after CAPL reaches our target price, see more balanced Risk/Reward from here. Although we believe CAPL remains in a healthy operational position moving forward, considering the macro volatility that remains, after reaching our target price we see better risk/reward opportunities elsewhere in the space. As such we are downgrading CAPL to a Market Perform rating."

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

Shares of CrossAmerica Partners LP closed at $19.58 yesterday.

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