UPDATE: Morgan Keegan Lowers PT on MarkWest Energy Partners to $56
Morgan Keegan is out with its report today on MarkWest Energy Partners (NYSE: MWE), lowering its PT from $57 to $56.
In a note to clients, Morgan Keegan writes, "We are raising our targeted yield range by 25bps to 5.25%- 5.75% due to general macro concerns over sovereign debt which has the effect of lowering our 12-month price target by $1 to $56. We estimate MWE's 12-mo total return potential as 18%-28%. Maintain Outperform."
At the time of posting, shares of MWE were trading at $48.28, down 0.12% from Tuesday's close.
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