Seeking Alpha

Susser Petroleum Partners upgraded at Baird, shares +2.3%

  • 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.
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