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

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Why Baird Is Upgrading NGL Energy Partners

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.

Latest Ratings for NGL

DateFirmActionFromTo
Jun 2015Stifel NicolausInitiates Coverage onHold
Jun 2015BarclaysMaintainsEqual-weight
Apr 2015BairdUpgradesNeutralOutperform

View More Analyst Ratings for NGL
View the Latest Analyst Ratings

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

 

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