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

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

Latest Ratings for CNNX

DateFirmActionFromTo
Nov 2017Morgan StanleyMaintainsEqual-Weight
Aug 2017Bank of AmericaMaintainsNeutral
Jul 2017BarclaysUpgradesEqual-WeightOverweight

View More Analyst Ratings for CNNX
View the Latest Analyst Ratings

 

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Posted-In: Bank of America MLPsAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
NEXACredit SuisseUpgrades11.0
View the Latest Analytics Ratings
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