Tom Abrams

Phillips 66 Partners LP (NYSE: PSXP), a master limited partnership that owns, operates, develops and acquires mostly fee-based crude oil and other products, boasts a strong underlying business that's overshadowed by stock's premium valuation, according to Morgan Stanley. The Analyst...

The Federal Energy Regulatory Commission said March 15 it has eliminated tax allowances for master limited partnership pipelines and proposed natural gas pipelines. The decision has implications across the entire sector, which prompted Morgan Stanley to "sort through the rubble" and...

Short-term concerns over Plains All American Pipeline, L.P. (NYSE: PAA) are fading, with the focus shifting to debt paydown, rising producer volume and growth in 2018 and 2019, according to Morgan Stanley.  The Analyst Morgan Stanley analyst Tom Abrams upgraded Plains All American from...

Morgan Stanley’s Tom Abrams believes the stability in Kinder Morgan Inc (NYSE: KMI)'s base business has kept investor attention on the pace of leverage reduction, the progress on TransMountain and the timeline for return of capital to shareholders. Abrams maintains an Overweight rating on the...

Morgan Stanley has reiterated its Overweight rating on Valero Energy Partners LP (NYSE: VLP) following its dropdown acquisition of the Meraux and Three Rivers Terminal Services Business for $325 million. The acquisition achieves management's guidance of $500 million–$750 million in dropdowns...

Morgan Stanley reviewed four companies in the midstream energy segment and found Kinder Morgan Inc (NYSE: KMI) as worth upgrading from an Equal-Weight to an Overweight rating. The brokerage also boosted its price objective on the company from $23 to $24. Analysts led by Tom Abrams cited four pieces...

Morgan Stanley’s Tom Abrams believes the valuation of Williams Companies Inc (NYSE: WMB) has become attractive following the termination of the merger with Energy Transfer Partners LP (NYSE: ETP). Abrams reinitiated coverage of Williams Companies with an Equal-Weight rating and price target...

Shell Midstream Partners LP (NYSE: SHLX) shares have lost 17 percent year-to-date. Despite the significant sector underperformance, Morgan Stanley’s Tom Abrams initiated coverage of the company with an Equal-weight rating and a price target of $39. Positives Analyst Tom Abrams commented...