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UPDATE: Stifel Nicolaus Upgrades PetroLogistics to Buy on Propylene and Propane Outlook

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Stifel Nicolaus raised its rating on PetroLogistics (NYSE: PDH) from Hold to Buy and established a $15.50 price target.

Stifel Nicolaus commented, "We are raising our rating on PDH to Buy from Hold and establishing a price target of $15.50. The move comes following our review of the updated CMAI forecast for propylene and propane. We remain confident in management's ability to fix the current operational issue at its facility and meet current demand with inventory. While the propane-to-propylene spread continued to compress following its IPO in May 2012, the current spread forecast indicates a warmer FY13."

PetroLogistics closed at $13.54 on Monday.

Latest Ratings for PDH

DateFirmActionFromTo
Jul 2014CitigroupMaintainsNeutral
Apr 2014Stifel NicolausMaintainsBuy
Dec 2013Morgan StanleyDowngradesOverweightEqualweight

View More Analyst Ratings for PDH
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

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