Alon USA Partners +3% as Citigroup upgrades to Buy

Alon USA Partners (ALDW +3%) is upgraded to Buy from Neutral with a $19 price target, up from $16, at Citigroup.

Expectations of faster growth from the Delaware and Midland basins in 2014 and slower ramp-up in the Permian pipeline projects have presented an opportunity for ALDW to capitalize over the near to intermediate term, the firm says.

Combined with lower allocation for annual catalyst and turnaround reserves by $15M-$16M makes additional $0.25/share available for distribution, the firm says in expecting total distributions for 2015 to rise by $0.25-$0.45.

From other sites
Comments (2)
  • Pinkrabbit
    , contributor
    Comments (198) | Send Message
    They say total distributions will rise by .25-.45 in 2015. Terrific! Doesn't mean much if you do not know what 2014 will look like.
    17 Mar 2014, 05:32 PM Reply Like
  • Glucose
    , contributor
    Comments (244) | Send Message
    Pink rabbit, if you held on to your shares think you should see something like 0.44 cents next quarter, this is my preliminary analysis.
    19 Mar 2014, 05:45 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs