Downgrade Alert for Sunoco Logistics Partners (SXL)
Sunoco Logistics Partners (NYSE:SXL) was downgraded from Buy to Hold at Stifel today. The stock closed yesterday at $20.51 on volume of 1.6 million shares, below average daily volume of 2.3 million.
In the past 52 weeks, shares of Sunoco Logistics Partners have traded between a low of $15.43 and a high of $46.72 and closed yesterday at $20.51, which is 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.9% while the 200-day MA has slid 1%.
Sunoco Logistics Partners L.P. acquires, owns, and operates a group of refined product and crude oil pipelines and terminal facilities.
There is potential upside of 93.2% for shares of Sunoco Logistics Partners based on a current price of $20.51 and an average consensus analyst price target of $39.62. Sunoco Logistics Partners shares should first meet resistance at the 50-day moving average (MA) of $24.27 and find additional resistance at the 200-day MA of $32.70.
SmarTrend is monitoring the recent change of momentum in Sunoco Logistics Partners. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sunoco Logistics Partners in search of a potential trend change.
Keywords: analyst upgrades/downgrades sunoco logistics partners