Downgrade Alert for Sunoco Logistics Partners (SXL)
Sunoco Logistics Partners (NYSE:SXL) was downgraded from Outperform to Neutral at Credit Suisse today. The stock closed yesterday at $67.93 on volume of 135,000 shares, below average daily volume of 171,000.
Sunoco Logistics Partners L.P. acquires, owns, and operates a group of refined product and crude oil pipelines and terminal facilities.
In the past 52 weeks, Sunoco Logistics Partners share prices have been bracketed by a low of $44.00 and a high of $68.44 and closed yesterday at $67.93, 54% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.4%.
There is potential upside of 2.4% for shares of Sunoco Logistics Partners based on a current price of $67.93 and an average consensus analyst price target of $69.58. Sunoco Logistics Partners shares have support at the 50-day moving average (MA) of $63.73 and additional support at the 200-day MA of $61.40.
SmarTrend recommended that subscribers consider buying shares of Sunoco Logistics Partners on August 12th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.73. Since that recommendation, shares of Sunoco Logistics Partners have risen 5.0%. We continue to monitor SXL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades sunoco logistics partners