07:32 EDT GLP theflyonthewall.com: Global Partners weakness a buying opportunity, says BofA/Merrill BofA/Merrill views recent weakness in Global Partners as a buying opportunity and reiterates its Buy rating and $30 price target
Of course the fact that Merrill was one of the lead underwriters of 2 of GLP's offerings in the past year had nothing to do with its recommendation. No conflict.
Actually, if the price of oil continues to drop, GLP might become a buy again. I still think Q2 will be lousy, so I'm sitting on the sideline for now, but if oil drops a bit more next Q, I might buy back in. I think I'll get one more chance in the (very) low $ 20s.