- Susser Petroleum Partners (SUSP -1%) is downgraded to Hold from Buy with a $47 price target at Benchmark, as it is still unclear as to how much SUSP will pay for the assets of Susser Holdings and Sunoco retail and wholesale operations.
- The analysts are concerned that with Energy Transfer Partners (ETP +0.9%) gaining control of SUSP, value could be transferred from SUSP unit holders to ETP unit holders, if ETP charges too much for the assets SUSP will acquire.
- SUSS +0.5%.
Susser Petroleum Partners cut to Hold from Buy at Benchmark
From other sites
Video at CNBC.com (Jan 6, 2015)
at CNBC.com (Nov 19, 2014)
at CNBC.com (Nov 16, 2014)
at CNBC.com (Feb 13, 2013)
at CNBC.com (Jan 23, 2013)
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