UPDATE: Bank of America Reiterates Neutral Rating, Raises PT on Northern Tier Energy LP on Positive Outlook

In a report published Tuesday, Bank of America analyst Doug Leggate reiterated a Neutral rating on Northern Tier Energy LP NTI, and raised the price target from $24.00 to $27.00. In the report, Bank of America noted, “We are maintaining our Neutral rating on NTI and raising our PO to $27 from $24 given an increase in our margin and differential assumptions. Our PO is based on a target yield of 13% and expected 2014 distribution of $3.52/unit (up from $3.15/unit). Our 4Q distribution estimates also move higher to $0.36/unit.” Northern Tier Energy LP closed on Monday at $25.03.