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APU

AmeriGas

$46.84

-0.13 (-0.28%)

, BSM

Black Stone Minerals

$17.54

0.02 (0.11%)

04:55
03/02/17
03/02
04:55
03/02/17
04:55

Barclays to hold a conference

MLP Corporate Access Day is being held in New York on March 1-2.

APU

AmeriGas

$46.84

-0.13 (-0.28%)

BSM

Black Stone Minerals

$17.54

0.02 (0.11%)

BPL

Buckeye Partners

$69.75

0.83 (1.20%)

DM

Dominion Midstream

$31.65

0.7 (2.26%)

DKL

Delek Logistics

$30.65

-0.3 (-0.97%)

DCP

DCP Midstream

$39.83

0.63 (1.61%)

CAPL

CrossAmerica

$26.33

-0.2 (-0.75%)

GLOP

GasLog Partners

$24.35

0.55 (2.31%)

HEP

Holly Energy

$36.12

0.2 (0.56%)

EVA

Enviva

$27.50

0.3 (1.10%)

EPD

Enterprise Products

$28.30

0.27 (0.96%)

MIC

Macquarie Infrastructure

$76.42

0.79 (1.04%)

OCIP

OCI Partners

$10.00

0.15 (1.52%)

OKE

Oneok

$55.39

1.34 (2.48%)

PAA

Plains All American

$32.47

0.39 (1.22%)

SEMG

SemGroup

$36.10

0.95 (2.70%)

SHLX

Shell Midstream

$33.35

0.59 (1.80%)

SE

Sea Limited

SXL

Sunoco Logistics

$25.52

0.19 (0.75%)

SUN

Sunoco

$25.01

-0.6 (-2.34%)

TCP

TC PipeLines

$64.90

3.84 (6.29%)

RIGP

Transocean Partners

USAC

USA Compression

$17.95

0.18 (1.01%)

WNRL

Western Refining Logistics

$24.70

0.3 (1.23%)

WLKP

Westlake Chemical Partners

$26.05

0.9 (3.58%)

  • 02

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    Nov

APU AmeriGas
$46.84

-0.13 (-0.28%)

07/25/16
JEFF
07/25/16
DOWNGRADE
Target $50
JEFF
Hold
AmeriGas downgraded to Hold from Buy at Jefferies
Jefferies analyst Christopher Sighinolfi downgraded AmeriGas Partners to Hold citing valuation and keeps a $50 price target for the shares. The analyst views the ongoing deceleration in NGL supply growth and recent pullback in product pricing as a bearish shift for the Master Limited Partnerships.
06/10/16
06/10/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on the today's top five analyst downgrades with this list compiled by The Fly: 1. Zoetis (ZTS) downgraded to Neutral from Buy at Citi by analyst Liav Abraham, who cited valuation, as she views the stock as fairly valued at current levels. The stock has significantly outperformed the specialty pharma group year-to-date, Abraham said, adding that she remains constructive on the company's fundamentals. The analyst increased her price target for shares to $50 from $46. 2. AbbVie (ABBV) downgraded to Market Perform from Outperform by BMO Capital, which cut its target on shares to $66 from $70. In the wake of events at ASCO, disclosures at AbbVie's R&D day, and statements from Eli Lilly (LLY) and Pfizer (PFE), the firm is more concerned about the longer term outlook for AbbVie's immunology franchise, especially Humira. 3. AmeriGas (APU) downgraded to Sell from Neutral at UBS by analyst Shneur Gershuni, who said the stock looks relatively expensive at current levels and that its yield is lower than competitors. The analyst, who kept a $39 price target on shares, also downgraded Ferrellgas Partners (FGP) to Sell and Suburban Propane (SPH) to Neutral. 4. J.M. Smucker (SJM) downgraded to Hold from Buy at Jefferies by analyst Akshay Jagdale, who raised his price target for shares to $143 from $140. The analyst views the stock's risk/reward as balanced at current levels amid rising commodity costs and the management transition. 5. Mattress Firm (MFRM) downgraded to Market Perform from Outperform at Raymond James by analyst Budd Bugatch following the Q1 report and conference call. The analyst said the Sleepy's integration, a move to a new corporate headquarters, and merchandising push to more proprietary products have increased near-term earnings risk. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/03/17
BOFA
02/03/17
DOWNGRADE
BOFA
Underperform
AmeriGas downgraded to Underperform due to valuation at BofA/Merrill
BofA/Merrill downgraded AmeriGas to Underperform citing relative share outperformance.
02/03/17
BOFA
02/03/17
DOWNGRADE
BOFA
Underperform
AmeriGas downgraded to Underperform at BofA/Merrill
BSM Black Stone Minerals
$17.54

0.02 (0.11%)

03/23/16
03/23/16
INITIATION
Target $17

Outperform
Black Stone Minerals initiated with an Outperform at FBR Capital
FBR Capital analyst Chad Mabry started Black Stone Minerals with an Outperform rating and $17 price target.
12/21/16
STFL
12/21/16
DOWNGRADE
STFL
Hold
Black Stone Minerals downgraded to Hold from Buy at Stifel
12/22/16
STFL
12/22/16
DOWNGRADE
Target $20
STFL
Hold
Black Stone Minerals downgraded to Hold from Buy at Stifel
Stifel analyst Brian Brungardt downgraded Black Stone Minerals to Hold saying shares are approaching fair value and maintained his $20 price target.
09/06/16
STFL
09/06/16
INITIATION
Target $19
STFL
Buy
Black Stone Minerals initiated with a Buy at Stifel
Stifel analyst Brian Brungardt initiated Black Stone Minerals with a Buy and $19 price target.
BPL Buckeye Partners
$69.75

0.83 (1.20%)

12/14/16
GSCO
12/14/16
DOWNGRADE
Target $70
GSCO
Neutral
Buckeye Partners downgraded to Neutral from Buy at Goldman
Goldman Sachs analyst Theodore Durbin downgraded Buckeye Partners to Neutral citing a "more muted" storage re-contracting environment in 2017 and risk of potential acquisitions with limited accretion. The analyst lowered his price target for the shares to $70 from $78.
01/17/17
LEHM
01/17/17
INITIATION
Target $72
LEHM
Equal Weight
Buckeye Partners coverage resumed with an Equal Weight at Barclays
Barclays analyst Richard Gross resumed coverage on Buckeye Partners with an Equal Weight and a $72 price target.
01/17/17
01/17/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Kratos Defense (KTOS) initiated with a Buy at Canaccord. 2. Buckeye Partners (BPL) coverage resumed with an Equal Weight at Barclays. 3. Clovis (CLVS) and TESARO (TSRO) were initiated with an Overweight at Morgan Stanley. 4. TPI Composites (TPIC) initiated with a Buy at Roth Capital. 5. International Seaways (INSW) initiated with a Buy at Seaport Global. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/13/17
STFL
02/13/17
DOWNGRADE
Target $74
STFL
Hold
Buckeye Partners downgraded to Hold from Buy at Stifel
Stifel analyst Selman Akyol downgraded Buckeye Partners to Hold saying valuation largely reflects the near-term outlook for the company. Akyol adjusted his price target on Buckeye to $74 from $73.
DM Dominion Midstream
$31.65

0.7 (2.26%)

11/01/16
BOFA
11/01/16
UPGRADE
BOFA
Buy
Dominion Midstream upgraded to Buy from Neutral at BofA/Merrill
10/07/16
WOLF
10/07/16
INITIATION
Target $28
WOLF
Outperform
Dominion Midstream initiated with an Outperform at Wolfe Research
Wolfe Research analyst Steven Fleishman initiated Dominion Midstream with an Outperform and a $28 price target.
01/05/17
EVER
01/05/17
INITIATION
Target $36
EVER
Buy
Dominion Midstream reinstated with a Buy at Evercore ISI
Evercore ISI analyst Timm Schneider reinstated Dominion Midstream with a Buy and a $36 price target saying it remains a favorite "drop down" idea.
11/01/16
BOFA
11/01/16
UPGRADE
BOFA
Buy
Dominion Midstream upgraded to Buy on valuation at BofA/Merrill
As previously reported, BofA/Merrill upgraded Dominion to Buy from Neutral with a $28 price target. Analyst Gabe Moreen believes underperformance is overdone and the STR pipeline drop-down combined with Q3 results removes the company's equity needs.
DKL Delek Logistics
$30.65

-0.3 (-0.97%)

10/03/16
WELS
10/03/16
DOWNGRADE
WELS
Market Perform
Delek Logistics downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Michael Blum dowgnraded Delek Logistics to Market Perform following the sale of its retail assets to a third party and a lack of clarity as to the resolution of the DK/Alon potential merger. Without a DK/Alon merger, the partnership has limited growth visibility, the analyst wrote. Blum reduced his valuation range to $29-$32 from $34-$36 on Delek shares.
01/13/17
WELS
01/13/17
NO CHANGE
WELS
Delek Logistics price target raised to $37-39 from $29-$32 at Wells Fargo
Wells Fargo increased its price target on Delek Logistics (DKL) after the company announced that it had acquired the remaining 53% stake in Alon USA Energy (ALJ). Wells raised its outlook for Delek's distribution growth to a three year CAGR of 8.4%, "predicated on the dropdown of Alon's logistics assets." Wells increased its 2017 DCF forecast for the company to $2.90 from $2.62 "to reflect the assumed dropdown acquisition" It keeps an Outperform rating on the shares. .
11/09/16
WELS
11/09/16
UPGRADE
WELS
Outperform
Delek Logistics upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Michael Blum upgraded Delek Logistics Partners to Outperform saying the recent pullback in shares and the current 12% yield are overreactions. The analyst keeps a $29-$32 price target for the stock following the company's Q3 results.
06/21/16
06/21/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Marathon Oil (MRO) upgraded to Overweight from Equalweight at Capital One and to Overweight from Equal Weight at Morgan Stanley with Morgan Stanley analyst Evan Calio citing higher oil price leverage and portfolio improvements, highlighted by the PayRock Energy acquisition. 2. Ericsson (ERIC) upgraded to Neutral from Sell at Goldman with the firm saying the risk/reward is more balanced following the recent underperformance of the shares. 3. Helmerich & Payne (HP) upgraded to Overweight from Sector Weight at KeyBanc with analyst Robin Shoemaker saying Helmerich is the best-positioned land drilling contractor ahead of an upturn in U.S. land rig activity, which has already begun. 4. Delek Logistics (DKL) upgraded to Buy from Neutral at Goldman with analyst Theodore Durbin saying the current risk/reward is favorable at the current 10.7% yield. 5. Signature Bank (SNY) upgraded to Strong Buy from Outperform at Raymond James with analyst David Long saying overhangs on the stock related to taxi medallion and CRE credit risks are overblown. Long has a $162 price target on Signature Bank shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
DCP DCP Midstream
$39.83

0.63 (1.61%)

02/15/17
FBCO
02/15/17
UPGRADE
FBCO
Neutral
DCP Midstream upgraded to Neutral from Underperform at Credit Suisse
02/22/17
UBSW
02/22/17
UPGRADE
Target $45
UBSW
Buy
DCP Midstream upgraded to Buy from Neutral at UBS
UBS analyst Shneur Gershuni upgraded DCP Midstream Partners to Buy saying the company is positioned to benefit from rig count increases in DJ basin, Permian, SCOOP/STACK and Eagle Ford. The analyst raised his price target for the shares to $45 from $37.
02/16/17
DRXL
02/16/17
UPGRADE
DRXL
Buy
DCP Midstream upgraded to Buy from Hold at Drexel Hamilton
02/15/17
02/15/17
UPGRADE
Target $44

Neutral
DCP Midstream upgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse analyst John Edwards upgraded DCP Midstream to Neutral from Underperform on stronger long-term outlook after the company reported quarterly results. The analyst also raised his price target on the shares to $44 from $34.
CAPL CrossAmerica
$26.33

-0.2 (-0.75%)

06/23/16
JANY
06/23/16
NO CHANGE
Target $27
JANY
CrossAmerica coverage assumed with a Buy at Janney Capital
Janney Capital analyst Michael Gyure assumed coverage on CrossAmerica with a Buy and $27 price target.
10/27/16
10/27/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Fossil (FOSL) initiated with an Underperform at Buckingham. 2. AMAG Pharmaceuticals (AMAG) initiated with a Buy at Needham. 3. Ohr Pharmaceutical (OHRP) initiated with a Buy at H.C. Wainwright. 4. Sarepta (SRPT) initiated with an Equal Weight at Morgan Stanley. 5. CrossAmerica (CAPL) initiated with a Sector Perform at RBC Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/09/16
09/09/16
INITIATION
Target $35

Outperform
CrossAmerica initiated with an Outperform at FBR Capital
FBR Capital analyst Robert Balsamo initiated CrossAmerica (CAPL) with an Outperform, with a $35 price target, and added it to the FBR Alpha Generator list. The analyst believes CrossAmerica is well positioned to take advantage of growth opportunities in the fragmented retail gas distribution sector, as well as significant potential growth from the proposed CST/Alimentation Couche-Tard merger. He believes dealerized gas distribution limits margin variability and gasoline stable demand fdrives consistent underlying cash flows.
10/27/16
RBCM
10/27/16
INITIATION
Target $28
RBCM
Sector Perform
CrossAmerica initiated with a Sector Perform at RBC Capital
RBC Capital analyst Elvira Scotto initiated CrossAmerica with a Sector Perform and a $28 price target. The analyst recommends staying on the sidelines until he better understands the longer-term strategy for CrossAmerica following the proposed acquisition of its general partner.
GLOP GasLog Partners
$24.35

0.55 (2.31%)

11/02/16
MSCO
11/02/16
DOWNGRADE
Target $22
MSCO
Equal Weight
GasLog Partners downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Fotis Giannakoulis downgraded GasLog Partners to Equal Weight but raised its price target to $22 from $20 saying to take profits on recent outperformance.
11/21/16
STFL
11/21/16
INITIATION
STFL
Buy
GasLog Partners initiated with a Buy at Stifel
Stifel analyst Benjamin Nolan initiated coverage of GasLog with a $24 price target and a Buy rating.
03/16/16
JPMS
03/16/16
UPGRADE
Target $15
JPMS
Neutral
GasLog Partners upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Noah Parquette upgraded GasLog Partners (GLOP) to Neutral saying he sees greater near-term downside risk at parent company GasLog (GLOG). The analyst raised his price target for the shares to $15 from $13.
09/09/16
WELS
09/09/16
UPGRADE
WELS
Outperform
GasLog Partners upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Michael Webber upgraded GasLog Partners GasLog Partners saying is attractively valued and remains the "best-of-breed" among Marine MLPs. The analyst raised his price target range for the shares to $20-$24 from $14-$17.
HEP Holly Energy
$36.12

0.2 (0.56%)

01/12/17
RAJA
01/12/17
UPGRADE
RAJA
Market Perform
Holly Energy upgraded to Market Perform from Underperform at Raymond James
01/12/17
RAJA
01/12/17
UPGRADE
RAJA
Market Perform
Holly Energy upgraded to Market Perform on valuation at Raymond James
Raymond James analyst Darren Horowitz upgraded Holly Energy to Market Perform from Underperform citing balanced risk reward.
04/27/16
RAJA
04/27/16
DOWNGRADE
RAJA
Underperform
Holly Energy downgraded to Underperform from Market Perform at Raymond James
Raymond James downgraded Holly Energy to Underperform citing share outperformance.
08/26/16
GSCO
08/26/16
INITIATION
Target $36
GSCO
Neutral
Holly Energy coverage resumed with a Neutral at Goldman
Goldman analyst Jerren Holder resumed coverage on Holly Energy with a Neutral and $36 price target.
EVA Enviva
$27.50

0.3 (1.10%)

07/14/16
RAJA
07/14/16
DOWNGRADE
Target $24
RAJA
Outperform
Enviva downgraded to Outperform from Strong Buy at Raymond James
Raymond James analyst Pavel Molchanov downgraded Enviva to Outperform citing year to date share performance of +26% and maintained his price target of $24 per share.
09/22/16
GSCO
09/22/16
INITIATION
Target $27
GSCO
Neutral
Enviva initiated with a Neutral at Goldman
Goldman analyst Brian Maguire initiated Enviva with a Neutral and a $27 price target.
08/26/16
SBSH
08/26/16
INITIATION
SBSH
Neutral
Enviva initiated with a Neutral at Citi
Citi analyst Ryan Levine initiated Enviva with a Neutral rating, saying its strong visibility for near-term growth is offset by its exposure to long-term trends that favor other renewables over biomass.
07/19/16
DADA
07/19/16
INITIATION
Target $28
DADA
Buy
Enviva initiated with a Buy at DA Davidson
DA Davidson analyst Poe Fratt initiated Enviva with a Buy and $28 price target based on its leading position in the wood/pellet/biomass market, stable cash flow, a solid balance sheet, above average distribution growth, and attractive growth prospects.
EPD Enterprise Products
$28.30

0.27 (0.96%)

11/16/16
LTCO
11/16/16
INITIATION
Target $30
LTCO
Buy
Enterprise Products initiated with a Buy at Ladenburg
Ladenburg Thalmann analyst Michael Schmitz started Enterprise Products Partners with a Buy rating and $30 price target.
09/29/16
MZHO
09/29/16
INITIATION
Target $32
MZHO
Buy
Enterprise Products initiated with a Buy at Mizuho
Mizuho initiated Enterprise Products with a Buy and a $32 price target.
10/07/16
WOLF
10/07/16
INITIATION
Target $30
WOLF
Outperform
Enterprise Products initiated with an Outperform at Wolfe Research
Wolfe Research analyst Steven Fleishman initiated Enterprise Products with an Outperform and a $30 price target.
01/12/17
BERN
01/12/17
NO CHANGE
BERN
Enterprise Products named top 2017 MLP pick at Bernstein
Bernstein analyst Jean Ann Salisbury named Enterprise Products as her top Midstream MLP pick for 2017. The analyst thinks that the company is highly leveraged to Permian growth, ethane growth and the rising NGL to gas spread which she describes as the "three major themes of 2017." The analyst raised her price target on the shares to $34 from $31 and keeps an Outperform rating on the stock.
MIC Macquarie Infrastructure
$76.42

0.79 (1.04%)

02/23/17
WELS
02/23/17
NO CHANGE
WELS
Macquarie Infrastructure weakness creates buying opportunity, says Wells Fargo
Wells Fargo says that Macquarie's stock has underperformed the S&P by 10% since January 26 in the wake of a short recommendation by a research firm. Wells continues to recommend the stock based on what it sees as the company's strong, highly visible cash flow growth. It keeps an Outperform rating on the shares.
11/18/16
WELS
11/18/16
INITIATION
WELS
Outperform
Macquarie Infrastructure resumed with an Outperform at Wells Fargo
Wells Fargo analyst Glen Pruitt resumed coverage of Macquarie Infrastructure with an Outperform rating and $90-$91 price target range. The analyst believes the shares offer a "compelling" 15%-plus total return opportunity.
OCIP OCI Partners
$10.00

0.15 (1.52%)

OKE Oneok
$55.39

1.34 (2.48%)

02/02/17
FBCO
02/02/17
UPGRADE
FBCO
Outperform
ONEOK upgraded to Outperform from Neutral at Credit Suisse
02/02/17
02/02/17
UPGRADE
Target $63

Outperform
ONEOK upgraded to Outperform at Credit Suisse
As previously reported, Credit Suisse analyst John Edward upgraded ONEOK (OKE) to Outperform from Neutral after the company announced that it will acquire the outstanding ONEOK Partners (OKS) units not already owned by ONEOK. The analyst says the transaction helps ONEOK shield the income tax burden over the next 5 years, improve the balance sheet metrics, and also lower the cost of capital, which is important for growth. He raised his price target on ONEOK's shares to $63 from $54.
02/02/17
FBCO
02/02/17
UPGRADE
Target $55
FBCO
Outperform
ONEOK Partners upgraded to Outperform at Credit Suisse
Credit Suisse analyst John Edwards upgraded ONEOK Partners (OKS) to Outperform from Neutral after ONEOK (OKE) announced a share-for-share purchase of all outstanding ONEOK Partners common units that it currently does not own. The analyst raised his price target on ONEOK Partners' shares to $55 from $45. He also upgraded ONEOK to Outperform this morning.
02/23/17
JEFF
02/23/17
UPGRADE
Target $51
JEFF
Hold
ONEOK upgraded to Hold from Underperform at Jefferies
Jefferies analyst Christopher Sighinolfi upgraded ONEOK (OKE) to Hold citing valuation and benefits from the ONEOK Partners (OKS) acquisition. The analyst raised his price target for the shares to $51.
PAA Plains All American
$32.47

0.39 (1.22%)

01/30/17
MZHO
01/30/17
INITIATION
Target $34
MZHO
Neutral
Plains All American initiated with a Neutral at Mizuho
Mizuho analyst Brian Zarahn initiated Plains All American with a Neutral and a $34 price target saying its improving long-term growth and leverage outlook is reflected in shares.
01/31/17
BARD
01/31/17
UPGRADE
BARD
Outperform
Plains All American upgraded to Outperform from Neutral at Baird
12/13/16
12/13/16
NO CHANGE

Baird sees Aramco IPO as reason for Saudis to follow through on cuts
Baird's energy research team, headed by Ethan Bellamy, Daniel Katzenberg, and Michael Gaiden, note Saudi Arabia is prepping the crude oil market for the floatation of the largest publicly traded company in history, Saudi Aramco, and they believe the Kingdom will follow through and balance the market in January as the "long-term payoff of that pricing exceeds a few quarters of production curtailment." Given that view, the firm recommends buying oil and oil-linked names and holding them through the deal, identifying Carrizo Oil & Gas (CRZO), WPX Energy (WPX) and Whiting Petroleum (WLL), Plains All American (PAA) and Plains GP Holdings (PAGP) as names to own based on their year-to-date correlations to oil.
01/31/17
BARD
01/31/17
UPGRADE
Target $37
BARD
Outperform
Plains All American upgraded to Outperform at Baird
As reported previously, Baird analyst Ethan Bellamy upgraded Plains All American to Outperform from Neutral, citing its yield and both a volume and Supply & Logistics recovery in sight. Bellamy believes the company's ACC acquisition compounds leverage to its long-term Permian Basin growth. Bellamy raised his price target to $37 from $32 on Plains All American shares.
SEMG SemGroup
$36.10

0.95 (2.70%)

10/11/16
UBSW
10/11/16
NO CHANGE
Target $43
UBSW
Buy
SemGroup price target raised to $43 from $39 at UBS
UBS analyst Shneur Gershuni raised his price target on SemGroup (SEMG) to $43 from $39 following the closing of its acquisition of Rose Rock Midstream (RRMS). The analyst has removed his sum-of-the-parts analysis and is now using a three pronged valuation model. Gershuni maintained his Buy rating on SemGroup shares.
02/21/17
LEHM
02/21/17
INITIATION
Target $43
LEHM
Equal Weight
SemGroup reinstated with an Equal Weight at Barclays
Barclays analyst Christine Cho reinstated SemGroup with an Equal Weight rating and $43 price target.
08/25/16
GSCO
08/25/16
INITIATION
Target $39
GSCO
Buy
SemGroup initiated with a Buy at Goldman
Goldman analyst Jerren Holder initiated SemGroup with a Buy and $39 price target saying it offers a compellig 5.7% yield plus growth, and believes the market is underappreciating the potential for the White Cliffs pipeline to deliver strong volumes post-2017 as Niobrara production growth accelerates.
11/03/16
SBSH
11/03/16
INITIATION
SBSH
Neutral
SemGroup initiated with a Neutral at Citi
Citi analyst Ryan Levine resumed coverage of SemGroup with a Neutral rating.
SHLX Shell Midstream
$33.35

0.59 (1.80%)

02/01/17
02/01/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Howard Bancorp (HBMD) initiated with an Equal Weight at Stephens and with a Strong Buy at Raymond James. 2. TechnipFMC (FTI) initiated with an Equal Weight at Barclays. 3. Shell Midstream (SHLX) initiated with an Overweight at JPMorgan. 4. Spark Energy (SPKE) initiated with a Buy at Guggenheim. 5. Seaspan (SSW) initiated with an Underweight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/09/16
LEHM
11/09/16
DOWNGRADE
Target $29
LEHM
Equal Weight
Shell Midstream downgraded to Equal Weight from Overweight at Barclays
Barclays analyst Christine Cho downgraded Shell Midstream Partners LP to Equal Weight citing valuation and lowered his price target for the shares to $29 from $39.
02/01/17
JPMS
02/01/17
INITIATION
Target $38
JPMS
Overweight
Shell Midstream initiated with an Overweight at JPMorgan
JPMorgan analyst Jeremy Tonet started Shell Midstream with an Overweight rating and $38 price target.
12/28/16
12/28/16
NO CHANGE

Shell Midstream acquires interests in three Gulf of Mexico pipelines from BP
Shell Midstream (SHLX) has acquired 10% interest in Proteus Oil Pipeline Company, 10% interest in Endymion Oil Pipeline Company, and a 1% interest in Cleopatra Gas Gathering Company from BP (BP). The acquisition price reflects an approximate 7.7 times multiple of Shell's forecasted annual average Adjusted EBITDA attributable to the purchased interests over 2017 and 2018. The acquisition was funded with borrowings under Shell Midstream Partners' revolving credit facilities and is expected to be immediately accretive to unitholders. Proteus is a 71-mile crude oil pipeline with a 425,000 bpd capacity. Endymion is an 89-mile crude oil pipeline with a 425,000 bpd capacity. Cleopatra is a 115-mile gas gathering pipeline in Southern Green Canyon, with access to Atwater Valley, Walker Ridge, and Lund areas in the Gulf of Mexico.
SE Sea Limited

09/12/16
UBSW
09/12/16
DOWNGRADE
Target $44
UBSW
Neutral
Spectra Energy downgraded to Neutral from Buy at UBS
UBS analyst Shneur Gershuni downgraded Spectra Energy (SE) to Neutral saying the planned merger with Enbridge (ENB) should close in Q1 of 2017 as planned. The analyst sees limited regulatory risk and upped his price target for the shares to $44 from $39.
09/07/16
GSCO
09/07/16
DOWNGRADE
GSCO
Spectra Energy downgraded to Neutral from Buy at Goldman
Goldman Sachs analyst Theodore Durbin and team downgraded Spectra Energy to Neutral from Buy based on Enbridge's (ENB) agreement to buy Spectra (SE) in an all-stock deal. The firm raised its price target on Spectra shares to $42.
09/26/16
ARGS
09/26/16
DOWNGRADE
ARGS
Hold
Spectra Energy downgraded to Hold from Buy at Argus
09/12/16
GSCO
09/12/16
NO CHANGE
GSCO
Spectra Energy rating removed at Goldman
Goldman Sachs is acting as a financial advisor in connection with a matter that is fundamental to the reasonable analysis of the rating and price target for this stock.
SXL Sunoco Logistics
$25.52

0.19 (0.75%)

02/27/17
WELS
02/27/17
NO CHANGE
WELS
Outperform
Energy Transfer Equity appearing more open to roll-up, says Wells Fargo
Wells Fargo analyst Michael Blum said Energy Transfer management seems open to an eventual consolidation via a roll-up for the first time he can remember, adding that while management positioned this as something "years away," he believes a roll-up could occur possibly as soon as 2018. A roll up of the structure into one entity, most likely Energy Transfer Equity (ETE), would improve cost of capital, eliminate perceived conflicts of interest and be a net positive, Blum tells investors. Blum has Outperform ratings on Energy Transfer Equity, Energy Transfer Partners (ETP) and Sunoco Logistics (SXL).
01/12/17
JEFF
01/12/17
UPGRADE
Target $27
JEFF
Buy
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.
02/27/17
MZHO
02/27/17
UPGRADE
MZHO
Buy
Sunoco Logistics upgraded to Buy from Neutral at Mizuho
02/28/17
FBCO
02/28/17
INITIATION
Target $31
FBCO
Outperform
Sunoco Logistics reinitiated with an Outperform at Credit Suisse
Credit Suisse analyst John Edwards reinstated Sunoco Logistics with an Outperform rating and $31 price target based on its standalone operations.
SUN Sunoco
$25.01

-0.6 (-2.34%)

12/22/16
12/22/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Micron (MU) was upgraded to Buy from Hold at Cross Research, to Buy from Underperform at Needham, and to Buy from Hold at Summit Redstone. 2. Sunoco (SUN) upgraded to Outperform from Market Perform at FBR Capital with analyst Robert Balsamo saying the credit facility amendments announced reduce the need for a distribution cut. The analyst has a $32 price target for the shares. 3. National Instruments (NATI) upgraded to Outperform from Neutral at Baird with analyst Richard Eastman saying he sees the potential for accelerating revenue growth over the next few years combined with more determined focus to deliver operating leverage. 4. Merus (MRUS) upgraded to Buy from Neutral at Citi with analyst Yigal Nochomovitz saying the Incyte (INCY) collaboration deal has "very favorable" terms. 5. Sucampo (SCMP) upgraded to Buy from Neutral at Mizuho with the firm citing the sell-off in shares post the $260M convertible raise. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/15/17
JPMS
02/15/17
DOWNGRADE
Target $31
JPMS
Neutral
Sunoco downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Andrew Burd downgraded Sunoco L.P. to Neutral citing the company's "low financial flexibility" and the potential for gasoline market headwinds in 2017. The analyst cut his price target for the shares to $31 from $39.
02/23/17
MUFG
02/23/17
DOWNGRADE
Target $29
MUFG
Neutral
Sunoco downgraded to Neutral from Overweight at MUFG
MUFG analyst Barrett Blaschke downgraded Sunoco LP to Neutral citing lower distribution growth expectations following the company's weaker than expected Q4 EBITDA and free cash flow. The analyst cut his price target for the shares to $29 from $32.
02/27/17
02/27/17
DOWNGRADE
Target $28

Market Perform
Sunoco downgraded to Market Perform from Outperform at FBR Capital
FBR Capital analyst Robert Balsamo downgraded Sunoco to Market Perform and lowered his price target for the shares to $28 from $32 citing increased probability of a distribution cut.
TCP TC PipeLines
$64.90

3.84 (6.29%)

12/12/16
RBCM
12/12/16
UPGRADE
RBCM
Outperform
TC PipeLines upgraded to Outperform from Sector Perform at RBC Capital
12/12/16
12/12/16
UPGRADE
Target $67

Outperform
TC PipeLines upgraded to Outperform on dropdown potential at RBC Capital
As previously reported, RBC Capital analyst TJ Schultz upgraded TC PipeLines (TCP) to Outperform from Sector Perform on the potential for better clarity from TransCanada (TRP) on its use of the MLP. TC PipeLines units are pricing in the "status quo," but the possibility that TransCanada will outline a more aggressive dropdown plan leaves the risk/reward skewed to the upside, said Schultz, who raised his price target on the stock to $67 from $61.
01/20/17
LTCO
01/20/17
INITIATION
Target $61
LTCO
Neutral
TC PipeLines initiated with a Neutral at Ladenburg
Ladenburg Thalmann analyst Michael Schmitz started TC PipeLines with a Neutral rating and $61 price target.
07/20/16
GSCO
07/20/16
INITIATION
Target $53
GSCO
Neutral
TC PipeLines reinstated with a Neutral at Goldman
Goldman Sachs analyst Theodore Durbin reinstated coverage of TC PipeLines with a Neutral rating and $53 price target.
RIGP Transocean Partners

08/01/16
SIDC
08/01/16
DOWNGRADE
SIDC
Neutral
Transocean Partners downgraded to Neutral from Buy at Sidoti
07/26/16
MSCO
07/26/16
DOWNGRADE
MSCO
Equal Weight
Transocean Partners downgraded to Equal Weight at Morgan Stanley
Morgan Stanley analyst Ole Slorer downgraded Transocean Partners to Equal Weight from Overweight citing valuation and maintained its $14.50 price target.
USAC USA Compression
$17.95

0.18 (1.01%)

09/09/16
09/09/16
INITIATION
Target $21

Outperform
USA Compression initiated with an Outperform at FBR Capital
FBR Capital analyst Robert Balsamo initiated USA Compression with an Outperform and $21 price target. The analyst believes USA Compression is undervalued given stability of the underlying business and said valuation reflects a potential distribution cut.
06/21/16
GSCO
06/21/16
DOWNGRADE
Target $13
GSCO
Sell
USA Compression downgraded to Sell from Neutral at Goldman
Goldman Sachs analyst Theodore Durbin downgraded USA Compression to Sell saying the company's high leverage brings risk of a distribution cut. The analyst raised his price target for the shares to $13 from $10.
06/21/16
06/21/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgraded with this list compiled by The Fly: 1. Werner (WERN) downgraded to Hold from Buy at Deutsche Bank, to Underperform from Neutral at BofA/Merrill, and to Neutral from Overweight at JPMorgan with JPMorgan analyst Brian Ossenbeck remaining negative on the truckload cycle. 2. Knight Transportation (KNX) downgraded to Neutral from Buy at BofA/Merrill with the firm saying the truckload market remains under pressure given excess capacity and soft freight demand. 3. Lear (LEA) downgraded to Neutral from Buy at BofA/Merrill with analysts led by John Murphy arguing the later stages of the U.S. cycle will likely pressure the multiple and limit upside. 4. USA Compression (USAC) downgraded to Sell from Neutral at Goldman with analyst Theodore Durbin saying the company's high leverage brings risk of a distribution cut. 5. Prologis (PLD) downgraded to Hold from Buy at Deutsche Bank with analyst Vin Chao saying the risk/reward is more balanced at current valuation levels. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/14/17
RBCM
02/14/17
DOWNGRADE
RBCM
Sector Perform
USA Compression downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital analyst TJ Schultz downgraded USA Compression to Sector Perform and raised its price target to $20 from $17. The analyst thinks distribution is safe but said the cash flow premium versus peers looks full and views risk/reward as less attractive.
WNRL Western Refining Logistics
$24.70

0.3 (1.23%)

01/11/17
WELS
01/11/17
DOWNGRADE
WELS
Market Perform
Western Refining Logistics downgraded to Market Perform at Wells Fargo
Wells Fargo analyst Michael Blum downgraded Western Refining Logistics to Market Perform from Outperform citing valuation. The analyst lowered his price target range for the shares to $22-$24 from $27-$29.
04/20/16
RAJA
04/20/16
INITIATION
Target $30
RAJA
Strong Buy
Western Refining Logistics initiated with a Strong Buy at Raymond James
Target $30.
WLKP Westlake Chemical Partners
$26.05

0.9 (3.58%)

09/09/16
09/09/16
INITIATION
Target $28

Outperform
Westlake Chemical Partners initiated with an Outperform at FBR Capital
FBR Capital analyst Robert Balsamo initiated Westlake Chemical Partners with an Outperform and $28 price target. The analyst is positive on Westlake's stable cash flows, which are supported by long-term contracts with its investment-grade parent, and said it has significant visibility into growth through drop-down acquisitions
01/20/17
TUDR
01/20/17
UPGRADE
TUDR
Buy
Westlake Chemical Partners upgraded to Buy from Hold at Tudor Pickering

TODAY'S FREE FLY STORIES

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General news
FX Update: The dollar has remained on a downward path »

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L

Loews

$49.36

-0.02 (-0.04%)

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General Electric

$18.15

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Suncor

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0.2 (0.57%)

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  • 05

    Dec

SAP

SAP

$113.85

-1.44 (-1.25%)

17:53
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17:53
Periodicals
SAP launches investigation of sales practices in Gulf region, Reuters reports »

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FB

Facebook

$180.87

-0.99 (-0.54%)

17:47
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Facebook tool to show users which content was Russian propaganda, says Bloomberg »

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CSX

CSX

$51.01

0.79 (1.57%)

17:24
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Periodicals
CSX to charge more fees on customers that disregard shipping rules, Reuters says »

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  • 28

    Nov

AYTU

Aytu BioScience

$3.03

0.4301 (16.54%)

17:10
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17:10
Syndicate
Breaking Syndicate news story on Aytu BioScience »

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EPIX

ESSA Pharma

$0.27

0.0059 (2.27%)

17:09
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11/22
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17:09
Hot Stocks
ESSA Pharma to begin trading on TSX Venture Exchange »

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MRDN

Meridian Waste Solutions

$1.69

0.0101 (0.60%)

16:55
11/22/17
11/22
16:55
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16:55
Syndicate
Breaking Syndicate news story on Meridian Waste Solutions »

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APD

Air Products

$161.62

-0.67 (-0.41%)

16:50
11/22/17
11/22
16:50
11/22/17
16:50
Syndicate
Breaking Syndicate news story on Air Products »

Air Products files…

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BOOT

Boot Barn

$13.49

-0.23 (-1.68%)

16:49
11/22/17
11/22
16:49
11/22/17
16:49
Syndicate
Breaking Syndicate news story on Boot Barn »

Boot Barn files $300M…

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SD

SandRidge Energy

$17.50

0.88 (5.29%)

, BCEI

Bonanza Creek

$32.14

0.46 (1.45%)

16:44
11/22/17
11/22
16:44
11/22/17
16:44
Hot Stocks
Icahn reports 13.51% stake in SandRidge Energy, intends to vote against Bonanza »

Icahn has read Fir Tree…

SD

SandRidge Energy

$17.50

0.88 (5.29%)

BCEI

Bonanza Creek

$32.14

0.46 (1.45%)

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SD

SandRidge Energy

$17.50

0.88 (5.29%)

16:35
11/22/17
11/22
16:35
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16:35
Hot Stocks
Icahn reports 13.51% stake in SandRidge Energy, intends to vote against Bonanza »

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SYMC

Symantec

$28.43

0.32 (1.14%)

, AMZN

Amazon.com

$1,156.16

16.67 (1.46%)

16:32
11/22/17
11/22
16:32
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16:32
Hot Stocks
Symantec selects Amazon Web Services to deliver cloud security »

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SYMC

Symantec

$28.43

0.32 (1.14%)

AMZN

Amazon.com

$1,156.16

16.67 (1.46%)

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  • 26

    Feb

  • 18

    Mar

16:30
11/22/17
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16:30
Options
Preliminary option volume of 13.6M today »

Preliminary option volume…

AMZN

Amazon.com

$1,156.16

16.67 (1.46%)

16:26
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16:26
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Amazon Web Services announces Amazon ML Solutions Lab program »

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  • 18

    Mar

NRIM

Northrim BanCorp

$34.75

-0.25 (-0.71%)

16:22
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11/22
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Northrim BanCorp announces CFO transition »

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AMZN

Amazon.com

$1,156.16

16.67 (1.46%)

, CERN

Cerner

$70.03

3.35 (5.02%)

16:21
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General news
On The Fly: Top stock stories for Wednesday »

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AMZN

Amazon.com

$1,156.16

16.67 (1.46%)

CERN

Cerner

$70.03

3.35 (5.02%)

HPE

HP Enterprise

$13.10

-1.02 (-7.22%)

HPQ

HP Inc.

$21.34

-1.12 (-4.99%)

DE

Deere

$145.25

6.02 (4.32%)

ROK

Rockwell Automation

$191.02

-2 (-1.04%)

EMR

Emerson

$61.88

1.53 (2.54%)

AKZOY

AkzoNobel

$31.04

0.475 (1.55%)

AXTA

Axalta Coating

$35.50

1.63 (4.81%)

GME

GameStop

$17.37

0.64 (3.83%)

GES

Guess

$15.62

-2.33 (-12.98%)

IRBT

iRobot

$68.50

-4.57 (-6.25%)

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  • 22

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    Dec

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    Mar

CHMI

Cherry Hill Mortgage

$18.51

0.06 (0.33%)

16:21
11/22/17
11/22
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16:21
Syndicate
Breaking Syndicate news story on Cherry Hill Mortgage »

Cherry Hill Mortgage…

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NKTR

Nektar

$49.75

-0.23 (-0.46%)

16:20
11/22/17
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16:20
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Nektar names new CRDO, CMO and CSO »

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VIX

Volatility Index S&P 500 Options

16:20
11/22/17
11/22
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16:20
Options
Closing CBOE SPX and VIX Index summary for November 22nd »

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VGZ

Vista Gold

$0.68

0.0069 (1.03%)

16:18
11/22/17
11/22
16:18
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16:18
Syndicate
Vista Gold enters $10M ATM agreement with H.C. Wainwright & Co. »

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GPX

GP Strategies

$23.50

-0.2 (-0.84%)

16:17
11/22/17
11/22
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16:17
Hot Stocks
GP Strategies announces $10M share repurchase increase »

GP Strategies Corporation…

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  • 29

    Nov

  • 30

    Nov

$NSD

NASDAQ Market Internals

16:17
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16:17
Technical Analysis
NASDAQ market internals summary »

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