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Valero Energy Partners (NYSE:VLP) was downgraded by investment analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $38.00 price objective on the stock. Credit Suisse’s target price points to a potential downside of 0.58% from the company’s current price.

The analysts wrote, “VLP has delivered total returns of ~16% in the first two months of 2014, one of the top performers in the MLP midstream space. While we remain confident in VLP’s growth story, derisked cash flow and ~20% 3-year distribution CAGR, we believe the current stock price and yield of 2.2% fairly reflects the underlying growth potential. Our drop-down forecasts a rise in drop-downs to $750mm/year in 5 years, where it will remain until the inventory of assets at VLO are dropped to VLP.”

Valero Energy Partners (NYSE:VLP) opened at 38.22 on Wednesday. Valero Energy Partners has a 1-year low of $28.60 and a 1-year high of $40.60. The stock has a 50-day moving average of $35.08 and a 200-day moving average of $34.0. The company’s market cap is $2.201 billion.

VLP has been the subject of a number of other recent research reports. Analysts at Howard Weil initiated coverage on shares of Valero Energy Partners in a research note on Wednesday, February 12th. They set a “sector outperform” rating and a $41.00 price target on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of Valero Energy Partners in a research note on Wednesday, January 22nd. They set a “neutral” rating on the stock. Finally, analysts at Barclays initiated coverage on shares of Valero Energy Partners in a research note on Monday, January 6th. They set an “overweight” rating and a $38.00 price target on the stock. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $39.25.

Valero Energy Partners LP was formed to own, operate, develop and acquire crude oil and refined petroleum products pipelines, terminals and other transportation and logistics assets.

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