| 2018-08-07 17:56:06|
ANDX 17:56 08/07 08/07/18
Andeavor Logistics price target raised to $52 from $49 at MUFG
MUFG analyst Barrett Blaschke raised his price target on Andeavor Logistics to $52 and kept his Neutral rating after its Q2 results. The analyst cites the "completion of a major drop down, including the majority of the parent's remaining refinery logistics assets, the Conan crude oil gathering system in the Delaware Basin, the Rio pipeline connecting the Delaware Basin to Midland, and additional legacy Western Refining assets," with expectations of acquired assets to contribute up to $205M to 2019 EBITDA.