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Citigroup joins the buying bandwagon for Tesoro Logistics (TLLP +2.1%); the stock has gained...

  • Wednesday, June 1, 2011, 3:24 PM ET
    Citigroup joins the buying bandwagon for Tesoro Logistics (TLLP +2.1%); the stock has gained nearly 10% over the last three sessions as a host of brokers initiate similar coverage (I, II, III). As the storage and pipeline provider to Tesoro, and the MLP projecting a current yield of 5.5%, it's not difficult to see why.
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    Take a deep breath and wait. It's an MLP, not a "Fast Money" stock. It'll come back down (some, at least). Buy it when it's cheaper, if you think it's worth buying.
    1 Jun 2011, 03:41 PM Reply Like
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