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Wunderlich Securities has published its weekly update for MLPs, which have outperformed the market year to date, with the influx of $3B in new long-only MLP CEF capital supporting MLP valuations, expected to recede around 4Q2010.
Targets on Alerian MLP Total Return Index (AMZ.X) Tortoise MLP TR Index (TMLPT) and Cushing 30 MLP TR Index (MLPXTR) are for $315, $319, and $331, offering 4.5%, 13%, and 16.1% return potential, respectively.
Wunderlich reiterates ratings on its monitored MLPs, including:
Buckeye GP Holdings (
BGH Hold), Buckeye Partners LP (
BPL Hold), Kayne Anderson MLP Investment Co. (
KYN Hold), Sunoco Logistics Partners, LP (
SXL Hold);
Energy Income & Growth Fund (
FEN Buy), Legacy Reserves, LP (
LGCY Buy), Tortoise North American Energy Corp. (
TYN Buy), Vanguard Natural Resources LLC (
VNR Buy).
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date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
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Posted In: Analyst ColorLong IdeasNewsGuidanceMarketsAnalyst RatingsAlerian MLPBuckeyeCushing 30 MLPEnergyEnergy Income & Growth FundKayne AndersonLegacy ReservesOil & Gas Exploration & ProductionOil & Gas Storage & TransportationSunocoTortoise MLPTortoise North American EnergyVanguard Natural ResourcesWunderlich Securities
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