Sunoco Logistics' (SXL -4.1%) price target is raised to $51 from $43 at UBS, which notes SXL easily beat Q3 with adjusted EBITDA ~14% above consensus. Crude oil pipeline operating was up more than 50% Y/Y on 36% higher revenue/bbl, benefiting not just from higher tariffs Y/Y but also from a mix shift that increased volumes on higher tariff pipes
That's two of us.....! You have to know the players on the analyst side be it the Firm or individual.
Some of these guys are pathetic. Conclusion ? Do your own due diligence even if it's the very basic stuff. And good investing to you !
I am wondering whether investors are starting to take profits in stocks that have run up this year ahead of anticipated increases in capital gains tax. It is going to be interesting to see how that impacts price per share as the year draws to a close. I am looking in the basement for my old Magic 8 Ball to tell me whether I should sell and buy back next year or hold!