uploads/2018/03/anr-5.png

Last Week’s Must-Know MLP Ratings Updates

By

Updated

CVR Partners

CVR Partners (UAN) got an upgrade from Cowen and Company last week. CVR raised UAN to “outperform,” which is equivalent to a “buy.” It also raised the partnership’s target price to $4.25 from $3. Two analysts cover CVR Partners, and now both have “buy” ratings on the stock. CVR Partners’ average target price of $5.1 implies 37% upside potential from the current price.

Article continues below advertisement

Plains All American Pipeline

Plains All American Pipeline (PAA) and its GP (general partner), Plains GP Holdings (PAGP), got an upgrade at Stifel last week. Stifel raised both the limited partnership and the GP to “buy” from “hold.” Now, 58.3% and 68.2% of analysts rate PAA and PAGP as a “buy,” respectively. PAA’s and PAGP’s average target prices of $24.9 and $25.4 imply ~11% and ~16% upside potential from the respective current prices.

Spectra Energy Partners

Spectra Energy Partners (SEP) saw one rating update and two target price revisions last week. Stifel lowered SEP to a “hold” from a “buy” and cut its target price to $41 from $43. Moreover, Morgan Stanley reduced SEP’s target price to $43 from $44. Now, 38.9% of analysts rate Spectra Energy Partners a “buy,” 44.4% rate it a “hold,” and the remaining 16.7% rate it a “sell.” SEP’s average target price of $45.8 implies ~18% upside potential from the current price levels.

Enterprise Products Partners

Enterprise Products Partners (EPD) saw a price target revision last week. Barclays reduced the partnership’s target price to $30 from $32. EPD has a “buy” rating from 100% of analysts surveyed by Reuters. The partnership is currently trading below the low range ($39) of analysts’ target price. Its average target price of $45.8 implies ~18% upside potential from the current price.

Advertisement

More From Market Realist