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TLP

TransMontaigne

$35.67

-2.3 (-6.06%)

07:17
03/20/18
03/20
07:17
03/20/18
07:17

TransMontaigne target lowered to $42 on expectations for equity raise at Stifel

Stifel analyst Selman Akyol said TransMontaigne Partners' Q4 results were in line with his expectations and while its build out of an additional 870,000 barrels of storage in the Collins Phase II expansion was below his expectations, he noted that management is in talks with customers about further expansion. Akyol said he is concerned with the partnership's leverage ratio and he expects TransMontaigne to issue equity in 2018 to pay down debt. Given this expectation he lowered his price target on the stock to $42 from $47, though he maintains a Buy rating on TransMontaigne Partners.

TLP TransMontaigne
$35.67

-2.3 (-6.06%)

04/13/17
04/13/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Weatherford (WFT) downgraded to Neutral from Buy at Goldman Sachs with analyst Waqar Syed saying additional near-term catalysts are unlikely, first quarter consensus estimates are too high, cash flow remains weak and expects outflows in Q1, and does not expect any major strategy announcement on the Q1 call. 2. TransMontaigne (TLP) downgraded to Hold on valuation at Stifel with analyst Selman Akyol saying valuation reflects near-term earnings potential. 3. Wix.com (WIX) downgraded to Market Perform on valuation at Raymond James with analyst Aaron Kessler citing valuation following the year-to-date 67% move and 250% gain in the last year. 4. DAVIDsTEA (DTEA) downgraded to Hold from Buy at Lake Street with Chris Krueger citing management's warning that Q1 trends have deteriorated and the company expects a loss for the quarter. With the company now calling fiscal 2018 a "reset year," Krueger lowered his price target on DAVIDsTEA shares to $8 from $14. 5. FirstService (FSV) downgraded to Market Perform on valuation at Raymond James with analyst Frederic Bastien citing the year-to-date 37% gain in shares and raised his price target to $61 from $60. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/15/17
DADA
06/15/17
UPGRADE
Target $51
DADA
Buy
TransMontaigne upgraded to Buy from Neutral at DA Davidson
DA Davidson analyst Poe Fratt upgraded TransMontaigne with an increased price target of $51. The analyst sees an attractive entry point following the 20% pullback in the shares over the past four months.
11/30/17
WELS
11/30/17
INITIATION
Target $44
WELS
Market Perform
TransMontaigne resumed with a Market Perform at Wells Fargo
Wells Fargo analyst Praneeth Satish resumed coverage of TransMontaigne with a Market Perform rating and a $44 price target.
12/19/17
RILY
12/19/17
INITIATION
Target $45
RILY
Neutral
TransMontaigne resumed with a Neutral at B. Riley FBR
B. Riley FBR analyst Robert Balsamo resumed coverage of TransMontaigne Partners with a Neutral rating and $45 price target.

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