Analyst Actions: Northern Tier Energy Reinstated at Credit Suisse, TP of $34; Shares Fall 4% Mid-Day

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Analysts at Credit Suisse have reinstated coverage of Northern Tier Energy LP ( NTI ) with an Outperform rating and a price target of $34 a share.

"Based on seasonally weaker product pricing notably in the Mid-Continent, and due to the lagged timing effect of crude deliveries into NTI's facility, realized crude differentials should be weaker than what is implied by benchmarks," said Credit Suisse.

As a result the firm cut its 4Q12 EBITDA and DCF/unit from $182 mln to $172 mln and $1.51 a unit to $1.27 a unit. It also revised its 2012l, 2013 and 2014 EPS estimates to $2.54, $3.42 and 43.98, from $2.78, $2.53 and $3.04 respectively.

Shares of NTI are down 4% in mid-day trade to $28.30, but are still in the high end of their 52-week range of $13 - $30.34.



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: NTI

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