Following the proposed acquisition of downstream operator Sunoco Inc. (NYSE:SUN) by natural gas pipeline operator Energy Transfer Partners L.P. (NYSE:ETP), we have upgraded the former’s shares to Neutral from Underperform. We believe that through the $5.3 billion transaction – which provides an attractive premium to Sunoco shareholders – the company has been able to extract maximum value from its remaining assets.
(Read our full coverage on Energy Transfer’s planned acquisition of Sunoco: … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards