Bank Of America Bullish On MLPs, Issues Several Price Target Raises

In a note to investors, Bank of America put the spotlight on energy MLPs (master limited partnerships). Year-to-date, the bank said, the Alerian MLP Total Return Index (AMZX) has had returns five times that of the S&P 500.

Below is a summary of Bank of America’s price target calls given to investors Tuesday:

• CONE Midstream Partners LP CNNX - Price Target raised to $18 from $16 on expected volume growth and improved natural gas prices.
• CorEnergy Infrastructure Trust, Inc CORR - PT raised to $25 from $21 on timely payment collection.
• Enable Midstream Partners, LP ENBL - PT set at $12 on expectations for lower costs and charges related to workforce reductions.