A number of firms have modified their ratings and price targets on shares of Susser Petroleum Partners LP (NASDAQ: SUSP) recently:

  • Susser Petroleum Partners LP is now covered by analysts at Robert W. Baird. They set a “neutral” rating and a $26.00 price target on the stock.
  • Susser Petroleum Partners LP is now covered by analysts at Wells Fargo & Co.. They set an “outperform” rating on the stock.
  • Susser Petroleum Partners LP is now covered by analysts at Raymond James. They set an “outperform” rating and a $26.00 price target on the stock.
  • Susser Petroleum Partners LP is now covered by analysts at RBC Capital. They set an “outperform” rating and a $30.00 price target on the stock.
  • Susser Petroleum Partners LP is now covered by analysts at Bank of America. They set a “buy” rating and a $28.00 price target on the stock. They wrote, “We view SUSP as a lower-business-risk means to gain exposure to refined products wholesale distribution, given SUSP’s primarily long-term and fixed margin contracts. … In our view, growth at SUSP can be achieved through multiple avenues, including organic expansion of its third-party dealer network, drop-downs of new-build convenience stores through sale/leaseback transactions, and third-party M&A. Although not forecast in our model, we believe M&A is an important growth strategy for SUSP and believe SUSP is well-positioned to pursue third-party M&A given its unlevered balance sheet.”
  • Susser Petroleum Partners LP is now covered by analysts at UBS AG. They set a “neutral” rating on the stock.

Shares of Susser Petroleum Partners LP opened at 24.58 on Thursday. Susser Petroleum Partners LP has a one year low of $22.52 and a one year high of $23.81.

Susser Petroleum Partners LP is primarily engaged in fee-based wholesale distribution of motor fuels to Susser Holdings Corporation (SHC) and third parties.