What Wall Street Analysts Think about Buckeye Partners
Analysts’ ratings for Buckeye Partners
In this final part of the series, we’ll see what Wall Street analysts are recommending for Buckeye Partners (BPL). About 56.0% of analysts rate Buckeye Partners a “hold” as of September 7, 2017, while the remaining 44.0% rate it a “buy.” Stifel Nicolaus last upgraded BPL to a “buy” in May 2017. Overall, BPL has had four rating updates in 2017, which included one upgrade, one downgrade, and two new coverages with “hold” ratings.
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BPL is currently trading considerably below the low range ($66) of analysts’ price targets. Its average target price of $71.10 implies a huge ~26.0% upside potential from its current price level. It might see a downward revision of price targets if the price of crude oil sees a steep decline or the partnership posts weak 3Q17 earnings.
For more analyses on MLPs, you can refer to our Master Limited Partnerships page.