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Recommendations
BP Midstream price target raised to $14 from $13 at Mizuho » 06:48
05/11/20
05/11
06:48
05/11/20
06:48
BPMP

BP Midstream

$11.83 /

+0.96 (+8.83%)

Mizuho analyst Gabriel…

Mizuho analyst Gabriel Moreen raised the firm's price target on BP Midstream to $14 from $13 and keeps a Buy rating on the shares. Despite reducing estimates, the analyst upped the target on BP Midstream's commitment to its distribution and its sustainability within a capital-light model.

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BPMP BP Midstream
$11.83 /

+0.96 (+8.83%)

04/20/20 BofA
BP Midstream upgraded to Neutral from Underperform at BofA
03/30/20 Mizuho
BP Midstream price target lowered to $13 from $17 at Mizuho
01/29/20 JPMorgan
JPMorgan downgrades four MLPs to Underweight from Neutral
01/29/20 JPMorgan
BP Midstream downgraded to Underweight from Neutral at JPMorgan
Upgrade
BP Midstream upgraded to Neutral from Underperform at BofA » 06:06
04/20/20
04/20
06:06
04/20/20
06:06
BPMP

BP Midstream

$10.97 /

+0.8 (+7.87%)

BofA upgraded BP…

BofA upgraded BP Midstream to Neutral from Underperform.

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BPMP BP Midstream
$10.97 /

+0.8 (+7.87%)

03/30/20 Mizuho
BP Midstream price target lowered to $13 from $17 at Mizuho
01/29/20 JPMorgan
JPMorgan downgrades four MLPs to Underweight from Neutral
01/29/20 JPMorgan
BP Midstream downgraded to Underweight from Neutral at JPMorgan
08/20/19
Fly Intel: Top five analyst downgrades
Hot Stocks
BP Midstream rises 10.7% » 12:00
04/16/20
04/16
12:00
04/16/20
12:00
BPMP

BP Midstream

$10.46 /

+1.01 (+10.69%)

BP Midstream is up 10.7%,…

BP Midstream is up 10.7%, or $1.00 to $10.38.

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BPMP BP Midstream
$10.46 /

+1.01 (+10.69%)

03/30/20 Mizuho
BP Midstream price target lowered to $13 from $17 at Mizuho
01/29/20 JPMorgan
JPMorgan downgrades four MLPs to Underweight from Neutral
01/29/20 JPMorgan
BP Midstream downgraded to Underweight from Neutral at JPMorgan
08/20/19
Fly Intel: Top five analyst downgrades
Over a quarter ago
Recommendations
BP Midstream price target lowered to $13 from $17 at Mizuho » 06:50
03/30/20
03/30
06:50
03/30/20
06:50
BPMP

BP Midstream

$8.52 /

-0.495 (-5.49%)

Mizuho analyst Gabriel…

Mizuho analyst Gabriel Moreen lowered the firm's price target on BP Midstream to $13 from $17 and keeps a Buy rating on the shares.

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BPMP BP Midstream
$8.52 /

-0.495 (-5.49%)

01/29/20 JPMorgan
JPMorgan downgrades four MLPs to Underweight from Neutral
01/29/20 JPMorgan
BP Midstream downgraded to Underweight from Neutral at JPMorgan
08/20/19
Fly Intel: Top five analyst downgrades
08/20/19
BP Midstream, Shell Midstream Partners downgraded at JPMorgan
Downgrade
JPMorgan downgrades four MLPs to Underweight from Neutral » 07:50
01/29/20
01/29
07:50
01/29/20
07:50
CNXM

CNX Midstream Partners

$15.32 /

-0.04 (-0.26%)

, BPMP

BP Midstream

$14.92 /

+0.18 (+1.22%)

, GLP

Global Partners

$19.48 /

+0.08 (+0.41%)

, OMP

Oasis Midstream Partners

$15.87 /

-0.46 (-2.82%)

JPMorgan analyst Jeremy…

JPMorgan analyst Jeremy Tonet made four downgrades in the Energy Infrastructure/Master Limited Partnership space: the analyst downgraded BP Midstream Partners (BPMB), CNX Midstream Partners (CNXM), Global Partners (GLP) and Oasis Midstream Partners (OMP) to Underweight from Neutral. Conversations with dedicated MLP investors continue to highlight distrust of the incentive misalignment created by incentive distribution rights, especially when MLPs with elevated yields continue to grow the distribution, Tonet tells investors in a research note. The analyst views this scenario as the "clearest case of conflicted incentives," saying he can't think of any reason to increase the distribution when the yield stands elevated. He believes any company without IDRs would look to lower leverage and/or buyback shares ahead of lifting an elevated yield that the market does not appear to appreciate.

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CNXM CNX Midstream Partners
$15.32 /

-0.04 (-0.26%)

01/29/20 JPMorgan
CNX Midstream Partners downgraded to Underweight from Neutral at JPMorgan
01/14/20 Barclays
Barclays changes ratings in MLPs, Diversified Natural Gas space
01/14/20 Barclays
CNX Midstream Partners downgraded to Equal Weight from Overweight at Barclays
01/07/20 Wells Fargo
CNX Midstream Partners downgraded to Underweight at Wells Fargo
BPMP BP Midstream
$14.92 /

+0.18 (+1.22%)

01/29/20 JPMorgan
BP Midstream downgraded to Underweight from Neutral at JPMorgan
08/20/19
Fly Intel: Top five analyst downgrades
08/20/19
BP Midstream, Shell Midstream Partners downgraded at JPMorgan
08/20/19 JPMorgan
BP Midstream downgraded to Neutral from Overweight at JPMorgan
GLP Global Partners
$19.48 /

+0.08 (+0.41%)

01/29/20 JPMorgan
Global Partners downgraded to Underweight from Neutral at JPMorgan
01/07/20 Wells Fargo
Global Partners downgraded to Underweight at Wells Fargo
01/07/20 Wells Fargo
Global Partners downgraded to Underweight from Equal Weight at Wells Fargo
04/16/19 Barclays
Global Partners downgraded to Underweight from Equal Weight at Barclays
OMP Oasis Midstream Partners
$15.87 /

-0.46 (-2.82%)

01/29/20 JPMorgan
Oasis Midstream Partners downgraded to Underweight from Neutral at JPMorgan
11/25/19 Credit Suisse
Oasis Midstream Partners downgraded to Neutral from Outperform at Credit Suisse
11/25/19 Credit Suisse
Oasis Midstream Partners downgraded to Neutral from Outperform at Credit Suisse
08/13/19 Credit Suisse
Oasis Midstream Partners price target lowered to $23 from $28 at Credit Suisse
Downgrade
BP Midstream downgraded to Underweight from Neutral at JPMorgan » 04:55
01/29/20
01/29
04:55
01/29/20
04:55
BPMP

BP Midstream

$15.27 /

+0.18 (+1.19%)

JPMorgan analyst Jeremy…

JPMorgan analyst Jeremy Tonet downgraded BP Midstream to Underweight from Neutral with a $17 price target.

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BPMP BP Midstream
$15.27 /

+0.18 (+1.19%)

08/20/19
Fly Intel: Top five analyst downgrades
08/20/19
BP Midstream, Shell Midstream Partners downgraded at JPMorgan
08/20/19 JPMorgan
BP Midstream downgraded to Neutral from Overweight at JPMorgan
06/05/19 Mizuho
BP Midstream initiated with a Buy at Mizuho
Periodicals
BP Midstream CFO says mulling expanding Mars oil pipeline, Reuters says » 12:50
11/12/19
11/12
12:50
11/12/19
12:50
BPMP

BP Midstream

$14.46 /

+0.17 (+1.19%)

BP Midstream Partners CFO…

BP Midstream Partners CFO Craig Coburn said the company is weighing an expansion of its Mars crude oil pipeline to accommodate new volumes from offshore oil fields, Reuters reports. Coburn said that the pipeline, which has a mainline capacity of roughly 400,000 barrels per day, would possibly be expanded to move increased crude volumes from Gulf of Mexico fields such as Vito and Power Nap, the report notes. Reference Link

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BPMP BP Midstream
$14.46 /

+0.17 (+1.19%)

08/20/19
Fly Intel: Top five analyst downgrades
08/20/19
BP Midstream, Shell Midstream Partners downgraded at JPMorgan
08/20/19 JPMorgan
BP Midstream downgraded to Neutral from Overweight at JPMorgan
06/05/19 Mizuho
BP Midstream initiated with a Buy at Mizuho
Downgrade
Fly Intel: Top five analyst downgrades » 10:15
08/20/19
08/20
10:15
08/20/19
10:15
HPQ

HP Inc.

$19.03 /

-0.195 (-1.01%)

, LVS

Las Vegas Sands

$54.45 /

-0.22 (-0.40%)

, HAIN

Hain Celestial

$19.85 /

-2.03 (-9.28%)

, MKC

McCormick

$163.32 /

-5.205 (-3.09%)

, ITRI

Itron

$69.10 /

-0.92 (-1.31%)

, BPMP

BP Midstream

$14.75 /

-0.14 (-0.94%)

, SHLX

Shell Midstream

$21.30 /

-0.07 (-0.33%)

Catch up on today's…

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. HP Inc. (HPQ) downgraded to Neutral from Buy at Citi with analyst Jim Suva saying positive PC data points offset mixed Print data points and offer limited positive catalysts. 2. Las Vegas Sands (LVS) downgraded to Hold from Buy at Argus with analyst John Staszak saying the stock should produce "limited growth" over the next 12 months. 3. Hain Celestial (HAIN) and McCormick (MKC) downgraded to Underweight from Neutral at JPMorgan. 4. Itron (ITRI) downgraded Outperform at Credit Suisse with analyst Pavel Molchanov saying having started the year on a "sour" note amid the margin headwinds from components tightness, the stock has shrugged off those issues and is currently at its highest level since early 2018. 5. BP Midstream (BPMP) downgraded to Neutral from Overweight at JPMorgan while Shell Midstream (SHLX) was downgraded to Underweight from Neutral. 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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HPQ HP Inc.
$19.03 /

-0.195 (-1.01%)

08/20/19 Citi
HP Inc. downgraded to Neutral from Buy at Citi
08/08/19
Fly Intel: Top analyst initiations
08/07/19 Barclays
HP Inc. initiated with an Equal Weight at Barclays
06/20/19 Deutsche Bank
Deutsche Bank starts HP Inc. with Hold rating, $20 price target
LVS Las Vegas Sands
$54.45 /

-0.22 (-0.40%)

08/20/19
Las Vegas Sands cut to Hold at Argus on weak Macau gaming revenue
08/20/19 Argus
Las Vegas Sands downgraded to Hold from Buy at Argus
07/29/19 Morgan Stanley
Philip Morris added to Fresh Money Buy List at Morgan Stanley
06/11/19 Goldman Sachs
Goldman upgrades Red Rock to Buy, sees 35% total return potential
HAIN Hain Celestial
$19.85 /

-2.03 (-9.28%)

08/20/19 JPMorgan
Hain Celestial downgraded to Underweight at JPMorgan, price target cut to $18
08/20/19 JPMorgan
Hain Celestial downgraded to Underweight from Neutral at JPMorgan
06/11/19 Evercore ISI
Hain Celestial initiated with an In Line at Evercore ISI
05/17/19 Wolfe Research
Hain Celestial downgraded to Peer Perform from Outperform at Wolfe Research
MKC McCormick
$163.32 /

-5.205 (-3.09%)

08/20/19 JPMorgan
McCormick downgraded to Underweight at JPMorgan, price target lowered to $150
08/20/19 JPMorgan
McCormick downgraded to Underweight from Neutral at JPMorgan
06/28/19 Citi
McCormick price target raised to $166 from $155 at Citi
05/13/19
Off Wall Street initiates short recommendation on McCormick
ITRI Itron
$69.10 /

-0.92 (-1.31%)

08/20/19 Raymond James
Itron downgraded to Outperform from Strong Buy at Raymond James
08/20/19 Credit Suisse
Itron downgraded Outperform at Credit Suisse
08/16/19 Argus
Itron upgraded to Buy from Hold at Argus
07/23/19 Canaccord
Canaccord sees several reason to be constructive on Itron
BPMP BP Midstream
$14.75 /

-0.14 (-0.94%)

08/20/19
BP Midstream, Shell Midstream Partners downgraded at JPMorgan
08/20/19 JPMorgan
BP Midstream downgraded to Neutral from Overweight at JPMorgan
06/05/19 Mizuho
BP Midstream initiated with a Buy at Mizuho
12/10/18 BofA
BP Midstream downgraded to Underperform from Neutral at BofA/Merrill
SHLX Shell Midstream
$21.30 /

-0.07 (-0.33%)

08/20/19 JPMorgan
Shell Midstream downgraded to Underweight from Neutral at JPMorgan
07/17/19 Mizuho
Shell Midstream downgraded to Underperform from Neutral at Mizuho
06/11/19
Fly Intel: Top five analyst downgrades
Downgrade
BP Midstream, Shell Midstream Partners downgraded at JPMorgan » 07:05
08/20/19
08/20
07:05
08/20/19
07:05
SHLX

Shell Midstream

$21.37 /

+0.17 (+0.80%)

, BPMP

BP Midstream

$14.89 /

+0.23 (+1.57%)

As previously reported,…

As previously reported, JPMorgan analyst Jeremy Tonet downgraded BP Midstream (BPMP) to Neutral with a lowered price target of $17 from $19 and Shell Midstream Partners (SHLX) to Underweight with a lowered price target to $22 from $23. The analyst notes that while the liquid Transportation & Service MLPs have fared better than the broader MLP space thanks to the less cyclical end market pull demand, he is concerned that a "large part of the market" is shunning incentive distribution right structures and believes these can impede a re-rating in these relatively richer valued stocks.

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SHLX Shell Midstream
$21.37 /

+0.17 (+0.80%)

08/20/19 JPMorgan
Shell Midstream downgraded to Underweight from Neutral at JPMorgan
07/17/19 Mizuho
Shell Midstream downgraded to Underperform from Neutral at Mizuho
06/11/19
Fly Intel: Top five analyst downgrades
06/11/19
Shell Midstream downgraded to Underperform at Credit Suisse
BPMP BP Midstream
$14.89 /

+0.23 (+1.57%)

08/20/19 JPMorgan
BP Midstream downgraded to Neutral from Overweight at JPMorgan
06/05/19 Mizuho
BP Midstream initiated with a Buy at Mizuho
12/10/18 BofA
BP Midstream downgraded to Underperform from Neutral at BofA/Merrill
10/10/18 Credit Suisse
BP Midstream initiated with an Underperform at Credit Suisse
Downgrade
BP Midstream downgraded to Neutral from Overweight at JPMorgan  05:43
08/20/19
08/20
05:43
08/20/19
05:43
BPMP

BP Midstream

$14.89 /

+0.23 (+1.57%)

 
ShowHide Related Items >><<
BPMP BP Midstream
$14.89 /

+0.23 (+1.57%)

06/05/19 Mizuho
BP Midstream initiated with a Buy at Mizuho
12/10/18 BofA
BP Midstream downgraded to Underperform from Neutral at BofA/Merrill
10/10/18 Credit Suisse
BP Midstream initiated with an Underperform at Credit Suisse

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