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down 1.80 %

NUSTAR ENERGY L P (NS) upgraded to Overweight with price target $60 by JP Morgan

Posted on: Thursday,  Mar 6, 2014  8:25 AM ET by JP Morgan

JP Morgan rated Overweight NUSTAR ENERGY L P (NYSE: NS) on 03/06/2014, when the stock price was $52.59.
Since then, NUSTAR ENERGY L P has lost 1.81% as of 01/04/2016's recent price of $51.64.
If you would have followed this JP Morgan's recommendation on NS, you would have lost 1.8% of your investment in 669 days.

NuStar Energy L.P. (NuStar Energy) is engaged in the terminalling and storage of petroleum products, the transportation of petroleum products and anhydrous ammonia and asphalt and fuels marketing. The Company operates in three segments: storage, transportation, and asphalt and fuels marketing. The Company operates through its wholly owned subsidiaries, NuStar Logistics, L.P. (NuStar Logistics) and NuStar Pipeline Operating Partnership L.P. (NuPOP). It earns revenues mainly include tariffs for transporting crude oil, refined products and anhydrous ammonia through its pipelines; fees for the use of is terminals and crude oil storage tanks and related ancillary services, and sales of asphalt and other refined petroleum products. On March 20, 2008, the Company acquired CITGO Asphalt Refining Company?s asphalt operations and assets (the East Coast Asphalt Operations).

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/6/2014 8:25 AM Buy
52.59 60.00
as of 10/17/2014
1 Week up  1.51 %
1 Month down  -5.42 %
3 Months down  -7.70 %
1 YTD up  17.32 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/6/2013 9:25 AM Hold

(*) Stock Price at the time of the recommendation.
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