Market Overview

UPDATE: Deutsche Bank Initiates Coverage on NGL Energy Partners LP on Mixed Factors

Related NGL
Kinder Morgan Energy Beats on Earnings & Revs - Analyst Blog
Enterprise Products Scales 52-Week High - Analyst Blog

In a report published Friday, Deutsche Bank analyst Curt Launer initiated coverage on NGL Energy Partners LP (NYSE: NGL) with a Hold rating and $36.00 price target.

In the report, Deutsche Bank noted, “We have a favourable view of the growth achieved and road ahead for the water treatment, crude oil, propane and natural gas liquids. The offset to these plusses is the lesser availability of drop-down or organic growth, lower outright ownership of assets and the upcoming needs for additional equity compared to other MLP peers.”

NGL Energy Partners LP closed on Thursday at $31.19.

Posted-In: Curt Launer Deutsche BankAnalyst Color Initiation Analyst Ratings

 

Most Popular

Related Articles (NGL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free