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ANDX

Andeavor Logistics

$48.01

0.57 (1.20%)

17:56
08/07/18
08/07
17:56
08/07/18
17:56

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.

ANDX Andeavor Logistics
$48.01

0.57 (1.20%)

05/08/18
MSCO
05/08/18
DOWNGRADE
Target $145
MSCO
Equal Weight
Andeavor downgraded to Equal Weight after Marathon deal at Morgan Stanley
As previously reported, Morgan Stanley analyst Benny Wong downgraded Andeavor (ANDV) to Equal Weight from Overweight, citing its agreement to be acquired by Marathon Petroleum (MPC) and his belief in the high probability of the deal closing. Wong also noted that Andeavor reported an EPS beat and accelerated its Andeavor Logistics (ANDX) drops with a $1.6B-$1.7B announcement, which he believes will help, but won't fully alleviate, "orphan" concerns around the MLP.
05/21/18
JPMS
05/21/18
DOWNGRADE
Target $50
JPMS
Neutral
Andeavor Logistics downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Jeremy Tonet downgraded Andeavor Logistics to Neutral citing the new drop outlook following the parent merger announcement as well as lower than expected Q1 estimates. The analyst lowered his price target for the shares to $50 from $55.
05/21/18
05/21/18
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. Bristol-Myers (BMY) downgraded to Neutral from Buy at UBS. 2. Campbell Soup (CPB) downgraded to Underperform from Neutral at BofA/Merrill with analyst Bryan Spillane saying he expects 2019 to be a transition year and for operating profits and earnings to decline modestly. 3. American Eagle (AEO) downgraded to Hold from Buy at SunTrust with analyst Pamela Quintilliano saying the fundamentals are not catching up to the continued advance in the stock price. 4. Andeavor Logistics (ANDX) downgraded to Neutral from Overweight at JPMorgan with analyst Jeremy Tonet citing the new drop outlook following the parent merger announcement as well as lower than expected Q1 estimates. 5. Williams Partners (WPZ) downgraded to Hold from Buy at Stifel and to Outperform from Strong Buy at Raymond James. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/18/18
BOFA
07/18/18
DOWNGRADE
BOFA
Underperform
Andeavor Logistics downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill analyst Dennis Coleman downgraded Andeavor Logistics (ANDX) to Underperform from Neutral and cut its price target to $42 from $47. Coleman said the partnership's growth options are limited going forward following the strategic combination of general partners Marathon Petroleum (MPC) and Andeavor (ANDV) and expects it to lag competitors.

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