Analyst Actions: Crosstex Energy. Inc. Target Raised $2 At Credit Suisse; Shares Edge Lower

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Analysts at Credit Suisse have raised their target price on shares of Crosstex Energy, Inc. ( XTXI ) to $21 from $19.

"XTXI is guiding to 20-25% dividend growth for 2013, and we believe that XTXI should be able to maintain that pace for the following two years for a three-year dividend CAGR of 28%. The current median dividend growth outlook at XTXI is 25%," said Credit Suisse.

The firm also revised its 2013 and 2014 EPU estimates to ($0.14) and $0.12 from ($0.16) and $0.27 respectively.


Shares of XTXI are down 0.47% to $16.92 in afternoon trade, within a 52-week range of $11.32 - $18.64.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: XTXI

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