UPDATE: Credit Suisse Reiterates On Susser Petroleum Partners LP Following Aloha Acquisition

In a report published Friday, Credit Suisse analyst Abhiram Rajendran reiterated a Neutral rating on Susser Petroleum Partners LP SUSP, and raised the price target from $59.00 to $61.00. In the report, Credit Suisse noted, “SUSP announced the first drop-in from ETP, but the significant incremental news came from the acquisition of Aloha Petroleum. Based on our analysis of the accretion from the latter, we are taking our TP up to $61 for SUSP (or should we say Sunoco LP?). The upside to SUSP should also flow up to benefit ETP, and ETE eventually.” Susser Petroleum Partners LP closed on Thursday at $52.24.