UPDATE: Stifel Nicolaus Upgrades Williams Partners to Buy, Multiple Catalysts
Stifel Nicolaus raises its rating from Hold to Buy on Williams Partners (NYSE: WPZ) and establishes a $62 price target on shares.
Stifel Nicolaus says, "We are raising our rating on WPZ units to Buy from Hold based on its strong anticipated distribution growth, impressive midstream results despite lack of hedges and declining per unit NGL margins, robust capital program and extensive foot print. In addition, we believe its May 22 Analyst Day may serve as a catalyst for these units as well."
WPZ closed at $58.24 on Tuesday.
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