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SXL

Sunoco Logistics

$24.26

0.41 (1.72%)

, ETP

Energy Transfer Partners

$36.22

0.61 (1.71%)

08:04
01/12/17
01/12
08:04
01/12/17
08:04

Sunoco Logistics upgraded to Buy from Hold at Jefferies

Jefferies analyst Christopher Sighinolfi upgraded Sunoco Logistics (SXL) to Buy saying the risk/reward has shifted in the company's favor following the agreement to acquire Energy Transfer Partners (ETP). The analyst has a $27 price target for the shares.

SXL

Sunoco Logistics

$24.26

0.41 (1.72%)

ETP

Energy Transfer Partners

$36.22

0.61 (1.71%)

SXL Sunoco Logistics
$24.26

0.41 (1.72%)

11/23/16
BMOC
11/23/16
DOWNGRADE
BMOC
Market Perform
Sunoco Logistics downgraded on acquisition at BMO Capital
As noted earlier, BMO Capital downgraded Sunoco Logistics (SXL) to Market Perform from Outperform. Analyst Danilo Juvane says that Sunoco's acquisition of Energy Transfer Partners (ETP) fails to address the difficulties caused by Sunoco's capital spending. Target to $26 from $35.
11/29/16
RHCO
11/29/16
DOWNGRADE
Target $18
RHCO
Hold
PennTex downgraded to Hold at SunTrust
As previously reported, SunTrust analyst Tristan Richardson downgraded PennTex (PTXP) to Hold from Buy following the recent deal via which Sunoco Logistics Partners (SXL) will acquire Energy Transfer Partners (ETP). Richardson expects PennTex "will take a back burner" as priority following the deal and expects the remaining public float to be eventually acquired, but not at any significant premium. The analyst lowered his price target for PennTex to $18 from $20.
12/02/16
RBCM
12/02/16
UPGRADE
Target $32
RBCM
Outperform
Sunoco Logistics upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital analyst Elvira Scotto upgraded Sunoco Logistics (SXL) to Outperform and maintained its $32 price target saying the proposed acquisition of Energy Transfer Partners (ETP) will result in a better positioned company for future growth. Scotto said the acquisition will improve overall cost of capital, diversify both businesses, and reduce cash outflows from distribution and improve leverage. The analyst views the selloff in Sunoco shares as overdone and said Permian pipeline constraints could drive upside to 2018 estimates.
12/02/16
RBCM
12/02/16
NO CHANGE
RBCM
Energy Transfer Partners weakness overdone, says RBC Capital
RBC Capital analyst Elvira Scotto remains upbeat on Sunoco Logistics' (SXL) acquisition of Energy Transfer (ETP) and believes that the weakness in the latter stock since the deal was announced has been overdone. The analyst thinks that the combined company will have a stronger balance sheet and be better positioned for growth going forward than Energy Transfer alone,. She blames the decline of Energy Transfer's stock on the lack of an IDR reset/buyout to address cost of capital concerns, but she notes that the combined entity will have a lower cost of capital than Energy Transfer alone, while an IDR reset/buyout could still be added in the future. She keeps a $48 price target and an Outperform rating on Energy Transfer.
ETP Energy Transfer Partners
$36.22

0.61 (1.71%)

12/06/16
12/06/16
DOWNGRADE
Target $15

Hold
PennTex downgraded to Hold after Energy Transfer deal at Stifel
As previously reported, Stifel analyst Selman Akyol downgraded PennTex Midstream Partners (PTXP) to Hold from Buy, stating that its outlook changed with the Energy Transfer Partners' (ETP) deal. While Energy Transfer did not rule out dropdowns, Akyol doesn't expect them and does not believe transactions would create significant value for PennTex. He lowered his price target on PennTex shares to $15 from $18.
01/03/17
DBAB
01/03/17
DOWNGRADE
Target $17
DBAB
Hold
PennTex downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Kristina Kazarian downgraded PennTex (PTXP) to Hold saying the Energy Transfer Partners (ETP) acquisition of the company's general partnership and sponsor-held LP units has "clouded the outlook." The analyst lowered her price target for PennTex shares to $17 from $20.
01/09/17
BERN
01/09/17
DOWNGRADE
BERN
Market Perform
Energy Transfer Partners downgraded to Market Perform from Outperform at Bernstein
01/09/17
BERN
01/09/17
DOWNGRADE
BERN
Market Perform
Energy Transfer Partners downgraded based on valuation at Bernstein
As noted earlier, Bernstein downgraded Energy Transfer Partners to Market Perform from Outperform. Analyst Jean Ann Salisbury downgraded the stock based on valuation.

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DJ Transportation Average

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Dow Jones Industrial Average

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SEMG

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IYT

iShares Transportation Average

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0.54 (0.29%)

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XLK

Technology Select Sector SPDR

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XLE

Energy Select Sector SPDR

$69.49

-0.1 (-0.14%)

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XLY

Consumer Discretionary Sector SPDR

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TEVA

Teva

$15.70

-0.82 (-4.96%)

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FB

Facebook

$178.30

1.34 (0.76%)

, GOOG

Alphabet

$1,040.61

0.13 (0.01%)

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$178.30

1.34 (0.76%)

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Alphabet

$1,040.61

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Alphabet Class A

$1,051.39

2.62 (0.25%)

TWTR

Twitter

$21.66

0.01 (0.05%)

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XLB

S&P Select Materials SPDR

$59.68

0.16 (0.27%)

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DIOD

Diodes

$27.25

-0.32 (-1.16%)

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  • 07

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XLU

Utilities SPDR

$55.40

0.15 (0.27%)

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DIS

Disney

$107.61

0.18 (0.17%)

, FOX

21st Century Fox

$32.34

-1.26 (-3.75%)

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DIS

Disney

$107.61

0.18 (0.17%)

FOX

21st Century Fox

$32.34

-1.26 (-3.75%)

FOXA

21st Century Fox

$32.75

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XLP

Consumer Staples Sector SPDR

$56.91

0.32 (0.57%)

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XLV

Health Care Select Sector SPDR

$83.98

0.29 (0.35%)

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IWM

iShares Trust Russell 2000 Index Fund

$151.78

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DIA

Diamonds Fund ETF

$246.30

0.86 (0.35%)

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VMC

Vulcan Materials

$123.11

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SPY

SPDR S&P 500 ETF Trust

$266.75

-0.03 (-0.01%)

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DIS

Disney

$107.61

0.18 (0.17%)

, FOX

21st Century Fox

$32.34

-1.26 (-3.75%)

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FOX

21st Century Fox

$32.34

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21st Century Fox

$32.75

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LUV

Southwest

$63.14

-0.29 (-0.46%)

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XLF

Financial Select Sector

$27.87

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CAG

Conagra Brands

$37.34

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, PF

Pinnacle Foods

$56.21

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PF

Pinnacle Foods

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  • 21

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SMH

Market Vectors Semiconductor

$97.69

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