NuStar Energy upgraded to Overweight from Neutral at JPMorgan JPMorgan upgraded NuStar Energy citing valuation and expectations the company's divestitures will drive improved investor sentiment. The firm raised its price target for shares to $60 from $51.
NuStar Energy sees FY15 Pipeline EBITDA $25M-$40M higher than last year Cites reduced volume projections. Sees FY15 Fuels Marketing EBITDA $20M-$30M. Sees FY15 CapEx $430M-$450M, which include internal growth projects and acquisition spending. Sees FY15 reliability capital spending $35M-$45M.