Susser Petroleum Partners upgraded at Baird, shares +2.3%

|By:, SA News Editor

Susser Petroleum Partners (SUSP +2.3%) is upgraded to Outperform from Neutral with a $38 price target, up from $36, at Robert W. Baird, which calls SUSP the "top way to invest in the U.S. energy renaissance."

As billions pour into Texas' petrochemical processing industry in the coming years and gasoline pricing succumbs to a robust supply outlook, Baird recommends accumulating units to harness these sound secular domestic energy tailwinds.

SUSP again beat quarterly volumetric projections, posting 15% Q4 2013 growth, the firm notes.