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Buckeye Partners: Analysts’ Recommendations

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Nov. 20 2020, Updated 5:10 p.m. ET

Analysts’ ratings for Buckeye Partners

Recently, Suntrust Robinson downgraded Buckeye Partners (BPL) to “sell” from “hold.” Suntrust Robinson reduced the partnership’s target price to $31 from $43. Previously, Citigroup lowered the partnership to “hold.” Buckeye Partners has seen five rating updates since the beginning of 2018 including four downgrades and one new coverage initiation.

For Buckeye Partners, 73.3% of the analysts recommend a “hold,” 20.0% recommend a “buy,” and 6.7% recommend a “sell” as of July 30. Buckeye Partners’ average target price of $41.8 implies ~21% upside potential from the current price levels.

Kinder Morgan (KMI) and Magellan Midstream Partners (MMP) have “buy” ratings from 71.4% and 55.6% of the analysts, respectively. NuStar Energy (NS) has a “holding” rating from 90.0% of the analysts.

For more coverage on MLPs, visit Market Realist’s Energy and Power page.

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