UPDATE: Credit Suisse Upgrades CVR Refining LP to Outperform; Yield More Attractive Than Peers
Posted on March 13, 2013 at 10:51 AM EDT
Credit Suisse upgraded CVR Refining LP (NASDAQ: CVRR ) from Neutral to Outperform and raised the price target from $32.00 to $34.00. Credit Suisse analyst Edward Westlake noted, "We raise our 2013 distribution forecast to $6.15/unit (vs. company guidance of $5.30-$6.30/unit) to account for 1Q13 guidance as well as our