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Crossamerica Partners LP (NYSE:CAPL) Rating Cut by Analysts at Bank of America (Merrill Lynch) to Neutral

Banc of America Analyst Rating Change Crossamerica Partners LP NYSE:CAPL

Crossamerica Partners LP (NYSE:CAPL) Rating Cut

Crossamerica Partners LP (NYSE:CAPL) was lowered by analysts at Bank of America (Merrill Lynch) from Buy rating to Neutral rating in a report sent to investors on 26 July.

The stock rating downgrade is noticed by investors, as NYSE:CAPL is right now trading -3.45% lower at $27.68 as of 8:02 AM New York time. Crossamerica Partners LP shares have [From2] 0% in the past 200 days, while the S&P500 Index has surged 6.00% in the same time.

Out of 8 analysts covering Crossamerica Partners LP, 6 rate it a Buy, 2 indicate a Hold while 0 suggest a Sell. The highest target is $36 and the lowest is $25 according to Thomson/First Call. The 12-month mean target is $29.13, which means upside potential of 5.24% over the current price.

Crossamerica Partners LP (NYSE:CAPL) Profile

CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc. and subsidiaries (CST) and company operated retail sites.

Crossamerica Partners LP (NYSE:CAPL) traded down -3.45% on 26 July, hitting $27.68. A total of 23,075 shares of the company’s stock traded hands. This is down from average of 65,144 shares. Crossamerica Partners LP has a 52 week low of $23.01 and a 52 week high of $29.8. The company has a market cap of $923.57M and a P/E ratio of 132.82.

Get the latest Crossamerica Partners LP (NYSE:CAPL) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Crossamerica Partners LP (NYSE:CAPL) Rating Cut by Analysts at Bank of America (Merrill Lynch) to Neutral appeared first on Octafinance.



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Crossamerica Partners LP (NYSE:CAPL) Rating Cut by Analysts at Bank of America (Merrill Lynch) to Neutral

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