Market Overview

UPDATE: Citigroup Upgrades Questar Corporation to Buy on Southern Trails Conversion Outlook

Related STR
Avis Leaps After Being Added To The S&P Midcap 400
12 Biggest Mid-Day Gainers For Friday

Citigroup upgraded Questar Corporation (NYSE: STR) from Neutral to Buy and raised the price target from $21.75 to $25.00.

Citigroup noted, "[W]e believe a Southern Trails conversion will eventually come to fruition. We believe the stock could be worth anywhere from $24 - $31p/s, depending on the path STR chooses. … We estimate STR could generate 1) ~$10p/s of value by forming an MLP around the conversion; 2) ~$6p/s of value by converting Southern Trails without forming an MLP; and 3) ~$2p/s of value via an outright sale of the pipeline. We believe STR could also consider a “like-in-kind” exchange."

Questar Corporation closed at $22.37 on Tuesday.

Latest Ratings for STR

Dec 2015UBSInitiates Coverage onNeutral
Aug 2015JefferiesDowngradesBuyHold
Jun 2015JefferiesUpgradesHoldBuy

View More Analyst Ratings for STR
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings


Related Articles (STR)

View Comments and Join the Discussion!

Partner Center