UPDATE: Deutsche Bank Maintains Buy on Rose Rock Midstream on EBITDA Upside, Multiple Expansion

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Deutsche Bank maintained Rose Rock Midstream
RRMS
with a Buy rating and maintained its price target at $39.00. Deutsche Bank analyst Curt Launer commented, "With the current capacity fully leased and the rates reasonably firm at about $0.40 per barrel per month, we consider RRMS to be a significant MLP investment opportunity. Further upside in ebitda is possible as more blending is required at Cushing and RRMS is able to charge separate blending and pump-over fees." Rose Rock Midstream closed at $36.63 on Friday.
Posted In: Analyst ColorPrice TargetAnalyst RatingsDeutsche Bank
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