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home / news releases / CAPL - CrossAmerica Partners: Distributions Seem Under Pressure

CAPL - CrossAmerica Partners: Distributions Seem Under Pressure

CrossAmerica Partners LP representing limited partner interests

2024-07-03 04:11:31 ET

Summary

  • CrossAmerica Partners reported a significant revenue miss and a 25% decrease in adjusted EBITDA year-over-year.
  • Weak fundamentals suggest potential risk to distribution, cautioning investors to be careful with ownership of the stock.
  • Shares are rated as a hold, with a recommendation to wait for improvement before buying in.
  • I give CrossAmerica stock a price target of $20.

Investment Thesis

For further details see:

CrossAmerica Partners: Distributions Seem Under Pressure
Stock Information
Company Name: CrossAmerica Partners LP representing limited partner interests
Stock Symbol: CAPL
Market: NYSE
Website: crossamericapartners.com
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