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Enter Symbol:
Rating: CLMT
Outperform $32

Calumet Specialty Products Partners, L.p. (NASDAQ: CLMT) upgraded to Outperform with price target $32 by RBC Capital Mkts

Monday,  Nov 16, 2015  10:25 AM ET by Dave Ficere

RBC Capital Mkts upgraded Calumet Specialty Products Partners, L.p. (NASDAQ: CLMT) to Outperform with price target $32. Previously RBC Capital Mkts
rated Sector Perform with price target $31 Calumet Specialty Products Partners, L.p. (NASDAQ: CLMT) on 11/04/2013, when the stock price was $28.99. Since then, Calumet Specialty Products Partners, L.p.'s stock price has lost 11% as of 11/16/2015's recent price of $25.69.

Calumet Specialty Product Partners, L.P. (Calumet) is a producer of specialty hydrocarbon products in North America. The Company?s business is organized into two segments: specialty products and fuel products. The specialty products segment process crude oil and other feedstocks into a variety of lubricating oils, solvents and waxes. Its specialty products are sold to domestic and international customers who purchase them primarily as raw material components for basic industrial, consumer and automotive goods. The fuel products segment processes crude oil into a range of fuel and fuel-related products, including unleaded gasoline, diesel and jet fuel. Calumet also produces asphalt and other by-products. The operating assets of the Company include Princeton Refinery, Cotton Valley Refinery, Shreveport Refinery, Karns City Facility, Dickinson Facility, and distribution and logistics assets. On January 3, 2008, Calumet acquired Penreco.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.



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