NuStar Energy upgraded to Buy from Neutral at Goldman Goldman upgraded NuStar Energy based on expectations for a return in distribution growth driven by the Eagle Ford project backlog. Price target raised to $62 from $49.
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.