UBS Cuts Price Target on Sunoco (SUN) to $33; Reiterates Buy
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Sunoco Logistics Partners (SXL) to Acquire Energy Transfer Partners, L.P. (ETP) in Unit-for-Unit Deal
November 21, 2016 9:21 AM ESTSunoco Logistics Partners L.P. (NYSE: SXL) and Energy Transfer Partners, L.P. (NYSE: ETP) today announced that they have entered into a merger agreement providing for the acquisition of ETP by SXL in a unit-for-unit transaction. The transaction was approved by the boards of directors and conflicts committees of both partnerships and is expected to close in the first quarter of 2017, subject to receipt of ETP unitholder approval and other customary closing... More
Citi Downgrades Sunoco (SUN) to Sell
November 21, 2016 9:21 AM ESTCiti downgraded Sunoco (NYSE: SUN) from Neutral to Sell.
For an analyst ratings summary and ratings history on Sunoco click here. For more ratings news on Sunoco click here.
Shares of Sunoco closed at $23.81 yesterday.
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