Market Overview

UPDATE: Credit Suisse Upgrades Alon Partners to Outperform on Relative Upside Potential

Related ALDW
Zacks Rank #1 Additions for Tuesday - Tale of the Tape
Citigroup Picks Favorites In U.S. Refining & Marketing; Upgrades Marathon Petroleum And Hollyfrontier

Credit Suisse upgraded Alon Partners (NYSE: ALDW) from Neutral to Outperform and raised the price target from $24.00 to $28.00.

Credit Suisse commented, "Upgrade ALDW to O/P, Raise TP to $28/sh: Since we launched coverage on ALDW (Jan 2nd, 2013), the AMZ index has outperformed by c13% (AMZ +7%, ALDW -6%). With a 2013 expected yield of c20% and c24% upside to our TP of $28, ALDW offers a 2013 total return of c44% which compares to 16% offered by the average MLP (7% yield + 9% upside to DDM)."

Alon Partners closed at $22.59 on Wednesday.

Latest Ratings for ALDW

DateFirmActionFromTo
Aug 2014CitigroupMaintainsNeutral
Jul 2014CitigroupDowngradesBuyNeutral
May 2014BarclaysMaintainsUnderweight

View More Analyst Ratings for ALDW
View the Latest Analyst Ratings

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

 

Related Articles (ALDW)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional