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UPDATE: Credit Suisse Upgrades NuStar Energy to Neutral; Distribution Cut Priced In

Related NS
NuStar Energy (NS) Beats Q2 Earnings on Higher Throughput
Earnings Scheduled For July 25, 2014

Credit Suisse raised its rating on NuStar Energy (NYSE: NS) from Underperform to Neutral and reiterated its price target at $44.

Credit Suisse said, "Our concerns regarding the sustainability of NS' distribution are now reflected in the current unit price. While unclear as to the company's path forward (distribution cut vs. grow out of the current hole), we believe the units are fairly valued based upon the cash flow power of NS' underlying fee-based pipeline and storage assets."

NuStar Energy closed at $39.07 on Monday.

Latest Ratings for NS

DateFirmActionFromTo
Jul 2014Credit SuisseUpgradesOutperform
Jul 2014BarclaysMaintainsEqual-weight
Jun 2014JP MorganMaintainsOverweight

View More Analyst Ratings for NS
View the Latest Analyst Ratings

Posted-In: Credit SuisseAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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