Sunoco Logistics Upgraded to "Buy" at UBS (SXL)

Sunoco Logistics Upgraded to “Buy” at UBS (SXL)

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UBS reported on Monday that it has raised its rating on logistics company Sunoco Logistics Partners L.P. (SXL).

The firm has upgraded SXL from “Neutral” to “Buy,” and has given the company a $72 price target. This price target suggests a 11% upside from the stock’s current price of $64.10.

Analysts have upgraded the company due to increased distribution and an upside in other segments.

Sunoco Logistics shares were mostly flat during pre-market trading Monday. The stock is up 29% YTD.

The Bottom Line

Shares of Sunoco Logistics Partners L.P. (SXL) have a 3.74 yield based on Friday’s closing price of $64.10.

Sunoco Logistics Partners L.P. (SXL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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