JPMorgan Starts Hess Midstream Partners LP (HESM) at Overweight

JPMorgan initiates coverage on Hess Midstream Partners LP (NYSE: HESM) with a Overweight rating and a price target of $30.00.

Analyst Jeremy Tonet says the solid outlook is driven by leverage to Bakken growth and drop-down from contractual support.

FY 2017 EPS estimate is for $1.31 and FY 2018 EPS estimate is for $1.80.

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

Shares of Hess Midstream Partners LP closed at $25.58 Friday.

You May Also Be Interested In

• CFRA Starts SpaceX (SPCX) at Sell, 'Our primary concern is that SpaceX’s long-term strategy remains heavily dependent on Starship'
• Morgan Stanley Downgrades Hess Midstream Partners LP (HESM) to Underweight
• Dollarama Inc. (DOL:CN) (DLMAF) PT Raised to Cdn$231 at Bernstein SocGen