UPDATE: Stifel Upgrades Salient MLP & Energy Infrastructure Following Quarterly Report Filing

In a report published Monday, Stifel analyst Selman Akyol upgraded the rating on

from Hold to Buy, and named a $28.00 price target. In the report, Stifel noted, “Salient MLP & Infrastructure Fund previously filed its quarterly report for the period ended August 31, 2013 highlighting the entirety of its holdings which produced NAV of $27.02 at that time. An updated NAV of $28.40 was provided as of November 29, 2013. The fund was trading at approximately 8.5% discount to its NAV at the close on December 6. The fund previously announced its 4Q13 dividend of $0.466/share. The increased dividend was paid on November 29th to common stockholders of record on November 19th. The 4Q13 dividend marks the 9th consecutive quarterly dividend increase since its IPO on May 25, 2011.” Salient MLP & Energy Infrastructure closed on Friday at $25.99.