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UPDATE: Stifel Nicolaus Downgrades Kayne Anderson Energy Development to Hold on Price

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UPDATE: Stifel Reiterates On Kayne Anderson Energy Development Co. As VantaCore Transaction Closes

Stifel Nicolaus lowers its rating on Kayne Anderson Energy Development (NYSE: KED) from Buy to Hold.

Stifel Nicolaus says, "With the recent pull back in public MLP valuations we believe KED shares are trading just slightly below our estimated adjusted NAV of approximately $24.03. We continue to believe it may be a while before KED finds another private MLP opportunity. Accordingly, we are lowering our rating to Hold strictly based on its price appreciation."

KED closed at $22.79 on Friday.

Latest Ratings for KED

DateFirmActionFromTo
Nov 2014Stifel NicolausMaintainsBuy
Jul 2014Stifel NicolausUpgradesHoldBuy
Jun 2014Stifel NicolausDowngradesBuyHold

View More Analyst Ratings for KED
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Downgrades Price Target Intraday Update Analyst Ratings

 

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