Credit Suisse Maintains a Hold Rating on NuStar GP Holdings

By Ryan Adsit

In a report released yesterday, John Edwards from Credit Suisse maintained a Hold rating on NuStar GP Holdings (NYSE: NSH), with a price target of $28. The company’s shares closed on Friday at $23.25, close to its 52-week high of $31.50.

According to, Edwards is a 3-star analyst with an average return of 1.6% and a 47.5% success rate. Edwards covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Enbridge Energy Management, and Dcp Midstream Partners Lp.

Currently, the analyst consensus on NuStar GP Holdings is Hold and the average price target is $27, representing a 16.1% upside.

In a report issued on July 17, Wells Fargo also downgraded the stock to Hold with a $26 price target.

The company has a one year high of $31.50 and a one year low of $22.20. Currently, NuStar GP Holdings has an average volume of 97.17K.

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NuStar GP Holdings LLC owns general partner and limited partner interests in NuStar Energy LP. It operates through two segments: Pipeline, Storage and Fuels Marketing. The Pipeline segment owns refined product pipelines, which consist of Central West System refined product pipelines, the East Pipeline and the North Pipeline.