Morgan Stanley Raises Price Target On NuStar Energy LP Following Solid 4Q14

In a report published Monday, Morgan Stanley analyst Brian Lasky reiterated an Underweight rating on

, and raised the price target from $59.00 to $62.00. In the report, Morgan Stanley noted, “NuStar reported a solid 4Q14 and are turn to excess coverage for the full year. The company reiterated 2015 guidance and expects another year of excess coverage, but remains conservative on the outlook for a return to distribution growth.” NuStar Energy LP closed on Friday at $61.08.