NuStar Energy upgraded at Credit Suisse Credit Suisse upgraded NuStar (NS) to Outperform from Neutral citing the strong Q2 report, strong volumes and increased confidence in growth. Price target raised to $71 from $58.
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.