- Western Refining (WNR +1.9%) is upgraded to Buy from Neutral with a $55 price target, raised from $43, at Citigroup, which sees a potential restructuring helping to unlock shareholder value.
- Citi believes WNR could restructure into a holding company with the limited and general partnership interests in Northern Tier Energy (NTI -0.9%) and Western Refining Logistics (WNRL -1.4%), which would allow WNR to generate a ~10% free cash flow yield over its forecast period.
Western Refining +2% as Citi upgrades, sees restructuring potential
From other sites
at Zacks.com (Fri, 8:53AM)
at Nasdaq.com (Tue, 11:46AM)
The Zacks Analyst Blog Highlights: Valero Energy, Marathon Petroleum and Western Refining - Press Releasesat Zacks.com (Mar 18, 2015)
at Zacks.com (Mar 10, 2015)
at Zacks.com (Mar 6, 2015)
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