CF Industries Holdings Inc (CF), Denbury Resources Inc. (DNR), Allied Nevada Gold Corp (ANV), Brigus Gold (BRD), EOG Resources (EOG), Sunoco, Inc. (SUN) and Talisman Energy (TLM) had ratings on them adjusted by analysts.
Feltl & Co. upgraded CF Industries Holdings Inc (CF) from a "Buy" rating to a "Strong-Buy" rating.
Sterne Agee upgraded Denbury Resources Inc. (DNR) from a "Neutral" rating to a "Buy" rating. They have a price target of $20.00 on the company.
Macquarie downgraded Allied Nevada Gold Corp (ANV) from a "Neutral" rating to an "Underperform" rating.
Global Hunter Securities downgraded Brigus Gold (BRD) from an "Accumulate" rating to a "Neutral" rating.
Societe Generale downgraded EOG Resources (EOG) from a "Buy" rating to a "Hold" rating.
Citigroup (C) downgraded Sunoco, Inc. (SUN) from a "Buy" rating to a "Neutral" rating. They have a price target of $51.00 on the company.
Societe Generale downgraded Talisman Energy (TLM) from a "Hold" rating to a "Sell" rating.
Showing posts with label Sunoco. Show all posts
Showing posts with label Sunoco. Show all posts
Friday, September 7, 2012
Wednesday, September 7, 2011
SunPower (SPWRB) (HZNP) (UNTD) (CJES) (SUN) (URBN) Get Coverage Changes
SunPower Co. (NASDAQ: SPWRB), Horizon Pharma (NASDAQ: HZNP), United Online, Inc. (NASDAQ: UNTD), C&J Energy Services (NASDAQ: CJES), Sunoco Incorporated (NYSE: SUN) and Urban Outfitters, Inc. (NASDAQ: URBN) get coverage changes from analysts.
Stifel Nicolaus initiated coverage on Horizon Pharma (HZNP). They placed a “Buy” rating and a price target of $12.00 on the company.
The Benchmark Company initiated coverage on United Online, Inc. (UNTD). They placed a “Buy” rating and a price target of $7.00 on the company.
Citigroup (NYSE:C) initiated coverage on C&J Energy Services (CJES). They placed a “Buy” rating on the company.
SunPower Co. (SPWRB) was upgraded by Wunderlich to a “Buy” rating. They have a price target of $16.00 on the company.
Sunoco Incorporated (SUN) was upgraded by Benchmark Co. to a “Hold” rating.
Urban Outfitters, Inc. (URBN) had its price target lowered by Morgan Stanley (NYSE:MS) to $34.00.
Stifel Nicolaus initiated coverage on Horizon Pharma (HZNP). They placed a “Buy” rating and a price target of $12.00 on the company.
The Benchmark Company initiated coverage on United Online, Inc. (UNTD). They placed a “Buy” rating and a price target of $7.00 on the company.
Citigroup (NYSE:C) initiated coverage on C&J Energy Services (CJES). They placed a “Buy” rating on the company.
SunPower Co. (SPWRB) was upgraded by Wunderlich to a “Buy” rating. They have a price target of $16.00 on the company.
Sunoco Incorporated (SUN) was upgraded by Benchmark Co. to a “Hold” rating.
Urban Outfitters, Inc. (URBN) had its price target lowered by Morgan Stanley (NYSE:MS) to $34.00.
Wednesday, June 8, 2011
Price Targets on (SCCO) (NWL) (STZ) (GR) (SUN) Updated
Analysts updated price targets on Southern Copper Corp (NASDAQ: SCCO), Newell Rubbermaid (NYSE: NWL), Constellation Brands, Inc. (NYSE: STZ), Goodrich Co. (NYSE: GR) and Sunoco Incorporated (NYSE: SUN).
Deutsche Bank (NYSE:DB) cut their price target on Newell Rubbermaid (NWL) to $21.00.
Societe Generale cut their price target on Southern Copper Corp (SCCO) to $42.00.
UBS AG (NYSE:UBS) raised their price target on Constellation Brands, Inc. (STZ) from $25.00 to $28.00. They have a “buy” rating on the company.
Morgan Stanley (NYSE:MS) raised their price target on Sunoco Incorporated (SUN) to $53.00. They have an “overweight” rating on the company.
Citigroup (NYSE:C) raised their price target on Goodrich Co. (GR) to $108.00. They have a “buy” rating on the company.
Deutsche Bank (NYSE:DB) cut their price target on Newell Rubbermaid (NWL) to $21.00.
Societe Generale cut their price target on Southern Copper Corp (SCCO) to $42.00.
UBS AG (NYSE:UBS) raised their price target on Constellation Brands, Inc. (STZ) from $25.00 to $28.00. They have a “buy” rating on the company.
Morgan Stanley (NYSE:MS) raised their price target on Sunoco Incorporated (SUN) to $53.00. They have an “overweight” rating on the company.
Citigroup (NYSE:C) raised their price target on Goodrich Co. (GR) to $108.00. They have a “buy” rating on the company.
Friday, October 15, 2010
Wells Fargo (NYSE:WFC) Talks Magellan (NYSE:MMP), Plains All American Pipeline, (NYSE:PAA), Sunoco Logistics (NYSE:SXL) Kinder Morgan (NYSE:KMR)
Commenting on various segments fo the pipeline sector, one grouping Wells Fargo (NYSE:WFC) targeted was large cap pipeline MLPS. There they gave their insights into Magellan Midstream Partners, L.P. (NYSE:MMP), Plains All American Pipeline, L.P. (NYSE:PAA), Sunoco Logistics Partners, L.P. (NYSE:SXL) and Kinder Morgan Management, LLC (NYSE:KMR)."
Wells said, "We are increasing valuation ranges across our large cap
pipeline MLP coverage universe by an average of 1%. Our revised valuation
ranges suggest median total return potential of 8% for the subsector. On
average, we are raising our 2011 DCF per unit estimates by 3%. We are
downgrading Magellan Midstream Partners, L.P., Plains All American Pipeline, L.P., and Sunoco Logistics Partners, L.P. to Market Perform from Outperform based on valuation. Our top Outperform pick in this subsector is Kinder Morgan Management, LLC."
Magellan Midstream Partners closed Thursday at $53 even, falling $0.47, or 0.88 percent. Plains All American Pipeline, L.P. dropped to $63.56, down $0.82, or 1.27 percent. Sunoco Logistics Partners , L.P. ended the session at $79.62, dropping $0.68, or 0.85 percent, and Kinder Morgan Management, LLC closed at $62.14, down $0.29, or 0.46 percent.
Wells said, "We are increasing valuation ranges across our large cap
pipeline MLP coverage universe by an average of 1%. Our revised valuation
ranges suggest median total return potential of 8% for the subsector. On
average, we are raising our 2011 DCF per unit estimates by 3%. We are
downgrading Magellan Midstream Partners, L.P., Plains All American Pipeline, L.P., and Sunoco Logistics Partners, L.P. to Market Perform from Outperform based on valuation. Our top Outperform pick in this subsector is Kinder Morgan Management, LLC."
Magellan Midstream Partners closed Thursday at $53 even, falling $0.47, or 0.88 percent. Plains All American Pipeline, L.P. dropped to $63.56, down $0.82, or 1.27 percent. Sunoco Logistics Partners , L.P. ended the session at $79.62, dropping $0.68, or 0.85 percent, and Kinder Morgan Management, LLC closed at $62.14, down $0.29, or 0.46 percent.
Wednesday, September 29, 2010
Barclays (NYSE:BCS) Reiterates "Overweight" on Valero (NYSE:VLO)
Valero Energy (NYSE:VLO) retains an "Overweight" rating from Barclays (NYSE:BCS), also keeping its price target and earnings per share estimates in place as well.
Barclays noted the sale of its Paulsboro refinery to PBF Holding Co. in particular, saying while it's a positive move, it's not enough to change their expectations.
"After the close on 9/27/10, Valero announced that the company signed an agreement to sell its 185 mb/d (000's b/d) Paulsboro refinery to PBF Holding Co...We think this announced asset sale is a slight positive factor for VLO, with selling price largely in-line with our expectations...We also think this announcement is a positive factor for Sunoco (NYSE:SUN) because it demonstrates that there is still a market for Northeast refineries," said Barclays.
Earnings per share remain at $1.70 for 2010 and $2.10 for 2011.
Valero closed Tuesday at $17.07, gaining $0.19, or 1.13 percent. They have a price target of $22 on them.
Barclays noted the sale of its Paulsboro refinery to PBF Holding Co. in particular, saying while it's a positive move, it's not enough to change their expectations.
"After the close on 9/27/10, Valero announced that the company signed an agreement to sell its 185 mb/d (000's b/d) Paulsboro refinery to PBF Holding Co...We think this announced asset sale is a slight positive factor for VLO, with selling price largely in-line with our expectations...We also think this announcement is a positive factor for Sunoco (NYSE:SUN) because it demonstrates that there is still a market for Northeast refineries," said Barclays.
Earnings per share remain at $1.70 for 2010 and $2.10 for 2011.
Valero closed Tuesday at $17.07, gaining $0.19, or 1.13 percent. They have a price target of $22 on them.
Tuesday, June 29, 2010
Sunoco Logistics (NYSE:SXL) Acquires Texon L.P. (NYSE:TXT) Butane Business
A butane blending business of Texon L.P. (NYSE:TXT) is the latest acquisition of Sunoco Logistics (NYSE:SXL), which reportedly bought the unit for $140 million plus inventory.
The acquisition will be funded through a $100 million loan via Sunuco Corp.'s revolving credit facility.
The butane business includes, along with its butane/gas blending technology, several contracts with giant terminal operator who use the technology.
Sunoco and Texon are expected to close the deal on July 1.
The acquisition will be funded through a $100 million loan via Sunuco Corp.'s revolving credit facility.
The butane business includes, along with its butane/gas blending technology, several contracts with giant terminal operator who use the technology.
Sunoco and Texon are expected to close the deal on July 1.
Thursday, June 17, 2010
Sunoco (NYSE:SUN) Gets Mixed Responses to Recent Moves
Goldman Sachs (NYSE:GS) reiterated its sell rating on Sunoco (NYSE:SUN), while BMO Capital upgraded the company from Underperform to Market Perform.
BMO also increased their price target from $25 to $36. Goldman's price target on the company is $30 a share.
While Goldman is impressed with the new CEO and CFO of the company and the steps they're taking to increase shareholder value, the added:
“Sunoco, at its core, remains heavily exposed to the East Coast refining and fuels market, which we view as the least favorable refining region in the United States given low-cost import pressure, a poor secular demand outlook, and stubbornly high levels of spare capacity. We remain concerned about the likelihood of medium-term refining cash burn—notwithstanding better 2Q2010 results—and hence value erosion of the company’s better positioned businesses.”
BMO also increased their price target from $25 to $36. Goldman's price target on the company is $30 a share.
While Goldman is impressed with the new CEO and CFO of the company and the steps they're taking to increase shareholder value, the added:
“Sunoco, at its core, remains heavily exposed to the East Coast refining and fuels market, which we view as the least favorable refining region in the United States given low-cost import pressure, a poor secular demand outlook, and stubbornly high levels of spare capacity. We remain concerned about the likelihood of medium-term refining cash burn—notwithstanding better 2Q2010 results—and hence value erosion of the company’s better positioned businesses.”
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