Sunoco Logistics Partners LP (SXL) Receives Price Target

Sunoco Logistics Partners LP (SXL) : The highest short term price target forecast on Sunoco Logistics Partners LP (SXL) is $36 and the lowest target price is $28. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $32.5 with a standard deviation of $2.46.

Sunoco Logistics Partners LP (SXL) : The consensus on Sunoco Logistics Partners LP (SXL) based on 13 analyst recommendation on the company stock is 2.08, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

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Also, In a research note released to the investors, Barclays maintains its rating on Sunoco Logistics Partners LP (NYSE:SXL).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Barclays raises the new price target from $33 per share to $36 per share. The rating by the firm was issued on August 16, 2016.

Sunoco Logistics Partners LP (NYSE:SXL): The stock opened at $29.43 on Thursday but the bulls could not build on the opening and the stock topped out at $29.69 for the day. The stock traded down to $28.96 during the day, due to lack of any buying support eventually closed down at $29.55 with a loss of -0.17% for the day. The stock had closed at $29.60 on the previous day. The total traded volume was 523,151 shares.

Sunoco Logistics Partners L.P. owns and operates a logistics business. The Company is engaged in the transport, terminalling and storage of crude oil, refined products and natural gas liquids (NGLs). In addition to logistics services, it also owns acquisition and marketing assets, which are used to facilitate the purchase and sale of crude oil, refined products and NGLs. The Company operates through four segments: Crude Oil Pipelines, transport crude oil in the southwest and midwest United States; Crude Oil Acquisition and Marketing, gathers, purchases, markets and sells crude oil in the mid-continent United States; Terminal Facilities, consist of crude oil, refined products and NGL terminals, and Products Pipelines, consist of crude oil, refined products and NGL terminals.

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