Jefferies & Company Reiterates Buy Rating, $35 PT for Susser Holdings Corporation

In a report published earlier today, Jefferies & Company, Inc. reiterated its Buy rating and $35.00 price target for Susser Holdings Corporation (NASDAQ: SUSS).

Jefferies & Company went on to say “Susser announced its intent to spin-out its wholesale fuel business in the form of a MLP and will IPO a certain percentage, but maintain control of the entity. While we await more information with the S-1 filing, it is clear that SUSS is trying to take advantage of what it views as an undervalued asset, while raising money to fund future growth/pay down debt. If this effort is successful, current shareholders could also be rewarded.”

Susser Holdings Corporation closed yesterday at $32.92.