Buckeye Partners (BPL) is upgraded to Neutral from Sell with a $55 price target (up from $49) at...

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

Buckeye Partners (BPL) is upgraded to Neutral from Sell with a $55 price target (up from $49) at Citigroup, which points to the pipeline company's strong operational performance over the past two quarters (Q4). As BPL completes expansion of its Borco terminal in the Bahamas and reaching full benefits in 2014, Citi expects a return to historical annual distribution growth of 4%-5%.