Buckeye Partners (BPL +0.2%) is upgraded to Buy from Hold at Deutsche Bank. Despite declines in...

|About: Buckeye Partners L.P. (BPL)|By:, SA News Editor

Buckeye Partners (BPL +0.2%) is upgraded to Buy from Hold at Deutsche Bank. Despite declines in natural gas storage rates and a products pipeline tariffs dispute, the firm says the combination of Q3 results 13% above estimates, a distribution payout ratio of 1.19, a distribution increase at a 4.8% annual rate and the current yield of 8.4% merit the increased rating.