What to Expect From Calumet Specialty Products Partners LP in 2018
Calumet Specialty Products Partners (NASDAQ: CLMT) nearly collapsed in 2016 under the weight of debt after its profitability crumbled, which caused units to lose 80% of their value. However, the master limited partnership (MLP) has worked tirelessly on its turnaround plan and delivered nearly flawless execution on its strategy in 2017. As a result, units almost doubled in value this year.
While that's a tough act to follow, investors can expect the company to continue working on its turnaround plan in 2018, which should further boost profitability.
Image source: Getty Images.
Source: Fool.com
Calumet Speciality Products Stock
€1.94
83.020%
We see a rather positive sentiment for Calumet Speciality Products with 8 Buy predictions and 1 Sell predictions.
Based on the current price of 1.94 € the target price of 16 € shows a potential of 724.74% for Calumet Speciality Products which would more than double the current price.
