UPDATE: Wunderlich Initiates Coverage on Vanguard Natural Resources at Buy

By John Harris
Benzinga Staff Writer
December 21, 2011 8:30 AM

Symbols: MLP, VNR

Posted in: Analyst Color, Initiation, Analyst Ratings

According to Wunderlich Securities, Vanguard Natural Resources (NYSE: VNR) coverage is initiated at Buy.

Wunderlich said that it is initiating coverage of Vanguard Natural Resources, LLC (VNR) with a Buy rating and a $33 price target. “Vanguard is now the third largest exploration and production (E&P) master limited partnership (MLP) in terms of enterprise value.”

Vanguard Natural Resources closed yesterday at $26.44.

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UPDATE: Wunderlich Initiates Coverage on Vanguard Natural Resources at Buy

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