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.

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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
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