RMP, MMP, HCLP: Key MLP Ratings Updates Last Week



HCLP ratings

On June 23, 2017, Johnson Rice initiated coverage on Hi-Crush Partners (HCLP) with an “accumulate” rating. The firm gave a price target of $17 for HCLP. Interestingly, 100% of analysts surveyed by Reuters have given a “buy” rating to HCLP. The median target price for the stock is $22. HCLP currently trades at $10.10. The median target price implies a more-than-100% price return from HCLP’s current price.

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MMP ratings

On June 22, 2017, Jefferies started coverage on Magellan Midstream Partners (MMP) with a “hold” rating and a price target of $73.

Nearly 43% analysts surveyed by Reuters rate MMP a “buy” while 52% have rated it a “hold.” 5% of surveyed analysts have given MMP a “sell” rating. MMP’s median target price of $82 implies an 18% price return from MMP’s current price of $69.63.

Recommendations for RMP

On June 20, 2017, RBC cut its target price for Rice Midstream Partners (RMP) from $32 to $21. It cut RMP’s rating from “outperform” to “sector perform.” Nearly 38% analysts rate RMP as “buy” and 62% have rated it a “hold.” RMP’s median target price of $22 implies a 19% price return in a year from RMP’s current price of $18.47.

Rating upgrade for CVRR

On June 9, 2017, J.P. Morgan raised its price target for CVR Refining (CVRR) from $10 to $10.5. Of Wall Street analysts, 90% rate CVRR a “hold” while 10% rate it as “sell.” The median target price for CVRR in a year is $10.


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