MS: Buy MLP Phillips 66 Partners For Yield

MS: Buy MLP Phillips 66 Partners For Yield

"Strong Yieldcos exhibit similar traits as the highest-quality, durable growth, dropdown-focused MLPs. Yet strong Yieldcos have traded down to levels that imply minimal future growth. We see this disconnect from the highest-quality MLPs as unsustainable."  -- Morgan Stanley North American Equity Insight: Why Quality Yieldcos Should Trade With Quality MLPs

North American Yieldcos and a number of MLPs are undervalued and underappreciated by the market, an anomaly that's presenting investors with an extremely attractive opportunity to pick up yield --that's according to a new report from Morgan Stanley's equity research department.

Hawk Ridge Management: Up 7.7% In 2015 Likes MLPs

Both the Yieldco and MLP sectors have been underpressure for the past twelve...