Southcross Energy Partners upgraded to Buy from Hold at Stifel

theflyonthewall.com

Stifel upgraded Southcross after it agreed to combine with TexStar Midstream Services LP, a privately held gas gathering and processing partnership. The firm expects the deal to provide a path for future DPU growth via dropdown acquisitions and be accretive to DCF in the first year of operations. Target $23.50.

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