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SEMG

SemGroup

$22.70

-0.1 (-0.44%)

, VLO

Valero

$100.53

0.22 (0.22%)

16:23
04/12/18
04/12
16:23
04/12/18
16:23

SemGroup completes sale of SemLogistics business to Valero

SemGroup (SEMG) announced that it has completed the sale of its SemLogistics business unit to Valero Logistics UK, a subsidiary of Valero (VLO). In addition to the sale price, the agreement provides for potential earnout payments to be made to SemGroup if certain revenue targets are met in the four years following close of the transaction. SemGroup intends to use proceeds from the sale toward its capital raise plan and to pre-fund capital growth projects.

SEMG

SemGroup

$22.70

-0.1 (-0.44%)

VLO

Valero

$100.53

0.22 (0.22%)

  • 20

    Apr

  • 26

    Apr

  • 22

    May

SEMG SemGroup
$22.70

-0.1 (-0.44%)

12/14/17
12/14/17
UPGRADE
Target $34

Outperform
SemGroup upgraded to Outperform at Wells Fargo
As previously reported, Wells Fargo analyst Michael Blum upgraded SemGroup to Outperform from Market Perform saying the company appears close to consummating several strategic asset sales. The analyst notes that with a visible path to lower consolidated leverage, the sale of lower quality and more volatile assets, and a more focused strategy around fee-based assets, SemGroup should command a higher multiple, in line with its midstream c-corp peers. Blum also raised his price target on the shares to $34 from $29.
01/04/18
USCA
01/04/18
DOWNGRADE
USCA
Hold
SemGroup downgraded to Hold from Overeight at US Capital Advisors
01/05/18
GSCO
01/05/18
DOWNGRADE
Target $32
GSCO
Neutral
SemGroup downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Jerren Holder downgraded SemGroup to Neutral from Buy citing its relative valuation in the Americas Pipelines and MLPs space following the stock's recent outperformance. He keeps a $32 price target on SemGroup shares.
03/01/18
RBCM
03/01/18
NO CHANGE
Target $29
RBCM
Outperform
SemGroup price target lowered to $29 from $35 at RBC Capital
RBC Capital analyst Elvira Scotto lowered her price target on SemGroup to $29, citing below-consensus FY18 outlook that was likely due to "asset sales and Crude Supply and Logistics". Scotto keeps her Outperform rating, adding that despite the risk to storage rates, the sell-off in the stock price is likely overdone.
VLO Valero
$100.53

0.22 (0.22%)

02/14/18
SBSH
02/14/18
UPGRADE
Target $114
SBSH
Buy
Valero upgraded to Buy from Neutral at Citi
Citi analyst Prashant Rao upgraded Valero energy to Buy after taking over coverage of the name. The analyst calls Valero his preferred large cap value stock among the North American Refiners. The company is the largest pure-play on favorable U.S. refining fundamentals, Rao tells investors in a research note on the sector. The analyst raised his price target for the shares to $114 from $96.
03/14/18
COWN
03/14/18
NO CHANGE
COWN
Tailwinds outstrip headwinds in refining outlook, says Cowen
Cowen analyst Sam Margolin said he has a constructive refining outlook despite the current headwinds that include increased China capacity and a Brent/WTI compression. The analyst said the second half of the year should see those headwinds pass and said outside of global demand growth, MARPOL shipping industry regulations are requiring low sulfur marine fuel worldwide, and U.S. Tier-3 gasoline requirements could result in lower octane supply as a consequence of the de-sulferization processes. Margolin favors Valero (VLO), Phillips 66 (PSX), Delek (DK), Marathon (MPC), and Andeavor (ANDV) in the refining space.
04/11/18
HOWW
04/11/18
DOWNGRADE
HOWW
Sector Perform
Valero downgraded to Sector Perform from Outperform at Scotia Howard Weil
04/11/18
04/11/18
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. Avis Budget (CAR) downgraded to Neutral from Buy at Northcoast with analyst John Healy citing valuation. 2. Affiliated Managers (AMG) downgraded to Market Perform at Keefe Bruyette. 3. Valero (VLO) and PBF Energy (PBF) were downgraded to Sector Perform from Outperform at Scotia Howard Weil. 4. Fortinet (FTNT) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Melissa Franchi saying she favors security vendors who are exposed to markets where the cloud drives higher security spending and have optimal business models for the cloud. 5. Mitel (MITL) downgraded to Sector Perform from Outperform at National Bank with the firm citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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Avalara

$34.68

-1.375 (-3.81%)

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IVC

Invacare

$16.50

0.15 (0.92%)

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PRO

Pros Holdings

$35.39

-1.91 (-5.12%)

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IIN

IntriCon

$63.85

-4.9 (-7.13%)

20:34
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ADUS

Addus HomeCare

$59.35

-3.1 (-4.96%)

20:33
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Syndicate
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  • 16

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LABL

Multi-Color

$63.90

-1 (-1.54%)

20:32
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Multi-Color rating change at KeyBanc »

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WMT

Walmart

$90.24

-0.565 (-0.62%)

, JCP

J.C. Penney

$2.40

-0.24 (-9.09%)

20:25
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Earnings
Notable companies reporting before tomorrow's open »

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WMT

Walmart

$90.24

-0.565 (-0.62%)

JCP

J.C. Penney

$2.40

-0.24 (-9.09%)

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  • 16

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WUBA

58.com

$58.59

-3.27 (-5.29%)

19:09
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WUBA

58.com

$58.59

-3.27 (-5.29%)

19:08
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Earnings
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WAIR

Wesco Aircraft

$13.65

-0.3 (-2.15%)

19:07
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TGI

Triumph Group

$21.10

-0.9 (-4.09%)

19:07
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Triumph Group initiated at UBS »

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HXL

Hexcel

$68.40

-1.13 (-1.63%)

19:06
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  • 06

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ERJ

Embraer

$18.64

-0.495 (-2.59%)

19:05
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CW

Curtiss-Wright

$130.92

-2.42 (-1.81%)

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LLL

L3 Technologies

$208.08

-1.73 (-0.82%)

19:03
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GD

General Dynamics

$192.29

-1.33 (-0.69%)

19:03
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BDRBF

Bombardier

$0.00

(0.00%)

19:02
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Initiation
Bombardier initiated at UBS »

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HEI

Heico

$76.50

-1.81 (-2.31%)

19:00
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Initiation
Heico initiated at UBS »

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  • 28

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HRS

Harris

$162.73

-2.15 (-1.30%)

18:59
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Initiation
Harris initiated at UBS »

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NOC

Northrop Grumman

$291.52

-2.35 (-0.80%)

18:59
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Initiation
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PNC

PNC Financial

$142.03

-0.7 (-0.49%)

, WFC

Wells Fargo

$57.99

-0.08 (-0.14%)

18:57
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Periodicals
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$142.03

-0.7 (-0.49%)

WFC

Wells Fargo

$57.99

-0.08 (-0.14%)

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