Goldman Sachs initiated USA Compression Partners USAC with a Buy rating and a $20.00 price target.
Goldman Sachs commented, "USAC offers exposure to shale-driven energy infrastructure growth and fee-based cash flows with no commodity price risk. At 9.5%, USAC trades at the highest upfront yield in our coverage universe (ex-NKA), well above the 6.6% group average, and offers solid 5-6% annual distribution growth. We are buyers of the stock due to growing demand for compression, USAC's presence in attractive basins, a history of strong utilization rates and margins, and an experienced management team."
USA Compression Partners closed at $17.95 on Friday.
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