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UPDATE: Stifel Initiates Coverage on World Point Terminals on Multiple Positive Factors

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In a report published Tuesday, Stifel analyst Selman Akyol initiated coverage on World Point Terminals LP (NYSE: WPT) with a Buy rating and $23.50 price target.

In the report, Stifel noted, “We are initiating coverage of World Point Terminals LP (WPT), a publicly traded master limited partnership (MLP) and operator of crude and refined product assets. WPT is a fee-based partnership formed to own, operate, develop, and acquire terminals and other assets related to the storage of light refined products, heavy refined products and crude oil. The assets are strategically located in the East Coast, Gulf Coast, and Midwest regions of the U.S. Most terminals are located along major waterways providing easy ship or barge access for the movement of petroleum products. In addition, they have truck racks for efficient loading logistics.”

World Point Terminals LP closed on Friday at $20.10.

Latest Ratings for WPT

DateFirmActionFromTo
Sep 2016UpgradesHoldBuy
Apr 2015UpgradesNeutralBuy
Mar 2015DowngradesOutperformUnderperform

View More Analyst Ratings for WPT
View the Latest Analyst Ratings

Posted-In: Selman Akyol StifelAnalyst Color Initiation Analyst Ratings

 

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