Seeking Alpha

Susser Partners' target raised at RBC, which sees strong distribution growth

  • Susser Petroleum Partners' (SUSP +3.3%) price target is raised to $57 from $48 at RBC Capital, which believes SUSP is poised for double-digit distribution growth over the next several years as Energy Transfer Partners' acquisition of SUSP's parent increases the inventory of dropdowns available to SUSP.
  • Greater scale and geographic diversity could better position SUSP to complete accretive third-party acquisitions, the firm says.
  • RBC rates the shares at Outperform.
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