Sunoco Logistics' (SXL -4.1%) price target is raised to $51 from $43 at UBS, which notes SXL...


Sunoco Logistics' (SXL -4.1%) price target is raised to $51 from $43 at UBS, which notes SXL easily beat Q3 with adjusted EBITDA ~14% above consensus. Crude oil pipeline operating was up more than 50% Y/Y on 36% higher revenue/bbl, benefiting not just from higher tariffs Y/Y but also from a mix shift that increased volumes on higher tariff pipes.

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