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Rating: BPL

Buckeye Partners L.p. (NYSE: BPL) upgraded to Buy by Citigroup

Tuesday,  Feb 11, 2014  8:25 AM ET by Kristen Bailey

Citigroup upgraded Buckeye Partners L.p. (NYSE: BPL) to Buy.
Citigroup rated Buckeye Partners L.p. (NYSE: BPL) to Neutral on 02/11/2013, when the price was $53.50.

Buckeye Partners, L.P. conducts all its operations through subsidiary entities including Buckeye Pipe Line Company, L.P., Laurel Pipe Line Company, L.P., Everglades Pipe Line Company, L.P. and Buckeye Tank Terminals Company, L.P. The company receives petroleum products from refineries, connecting pipelines and marine terminals, and transports those products to other locations. Buckeye Partners also provides bulk storage services through leased facilities.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.

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