Raymond James downgraded NuStar Energy to Market Perform from Outperform without a price target citing the pending takeover by Sunoco (SUN). The firm sees a fair transaction price and straightforward path to completion in mid-2024.
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Read More on NS:
- NuStar Energy sees 2024 adjusted EBITDA $720M-$780M
- NuStar Energy reports Q4 adjusted EPS 34c, consensus 27c
- NS Upcoming Earnings Report: What to Expect?
- NuStar Energy price target raised to $24 from $17 at Mizuho
- Sunoco LP price target raised to $60 from $54 at Wells Fargo
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