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Fly News Breaks for August 12, 2016
NS, NSH
Aug 12, 2016 | 06:28 EDT
Citi analyst Ryan Levine upgraded NuStar GP Holdings (NSH) to Buy saying the company is well positioned for growth given its asset locations. The analyst highlights increased Mexican refined product demand and downside risk protection due to NuStar's contracts and strategic assets. He raised his price target for the shares to $29 from $26. Levine this morning also upgraded NuStar Energy (NS) to Buy, but prefers shares of NuStar GP Holdings.
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