Loading...
Loading...
Morgan Keegan upgraded master limited partnership (
MLP) Boardwalk Pipeline Partners
BWP to outperform due to valuation and raised its price target on the units to $30 from $29.50. The research firm has a 12-month valuation range of $29-$31 on Boardwalk Pipeline.
“We are modeling modest 2.7% compounded distribution growth through 2013 for BWP. BWP has recently expanded into the natural gas gathering business through a 15-year agreement with Southwestern Energy
SWN in the Marcellus Shale. We believe this agreement could be the first of many as BWP looks for new avenues of growth,” Morgan Keegan said in its research note.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: Analyst ColorNewsDividendsUpgradesFuturesPrice TargetCommoditiesIntraday UpdateMarketsAnalyst RatingsTrading Ideas
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in