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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 2017MaintainsEqual-Weight
Aug 2017MaintainsNeutral
Jul 2017UpgradesEqual-WeightOverweight

View More Analyst Ratings for CNNX
View the Latest Analyst Ratings

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

 

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