Suburban Propane Partners (SPH +1.7%) is upgraded to Buy from Neutral at BofA, which sees the...

|About: Suburban Propane Partners LP (SPH)|By:, SA News Editor

Suburban Propane Partners (SPH +1.7%) is upgraded to Buy from Neutral at BofA, which sees the potential for a resumption in distribution growth as SPH realizes synergies from the acquisition of Inergy's retail propane assets. The firm thinks SPH's current yield of 8.5% does not accurately reflect its growth potential, improving balance sheet and expected lack of equity issuance.