Markets

Bull of the Day: Sunoco Logistics - Bull of the Day

Buoyed by a continued robust operating performance and favorable growth prospects, we are maintaining our Outperform recommendation on Sunoco Logistics Partners ( SXL ). Recent results have been driven by strength in its crude pipeline system and terminals facilities.

Importantly, the partnership has grown its cash distribution for 29 consecutive quarters. With its stable fee-based revenue, geographically-diverse assets and strong business fundamentals, Sunoco Logistics offers investors an opportunity to capture income growth through steadily rising cash distributions and capital appreciation. Therefore, we are confident of the partnerships total return potential.

As such, we rate units of Sunoco Logistics as an attractive investment and maintain its Outperform recommendation. Our $59 price objective reflects a 2013 P/E multiple of 18.0x.

SUNOCO LOGISTIC (SXL): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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


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

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More